A loan of $1,000 helped a member to purchase more rice, oil, beans and other foodstuffs for resale.

Faithful Business Group's story

Jacob J. is the leader of a group of five borrowers called the Faithful Business Group. He is 34 years old and married with two children, who are 8 and 5 years old and in kindergarten and third grade. Jacob and his family live in the Freeport Community, near the Sea Port of Monrovia and located close to downtown Monrovia. He works at the intersection of Randall and Water Street in downtown Monrovia. Jacob is a high school graduate.

Jacob’s business is the sale of food such as rice, beans, etc. He buys his goods from wholesalers and sells retail on a table in downtown Monrovia. He has been running this business for 16 years and hopes to become an importer and exporter of general goods to Liberia in the near future.

Jacob started selling with 4000.00 Liberian Dollars as working capital but now operates with 12000.00 Liberian Dollars. He has faced difficulty with siting his business, because he does not have a stable site. He sells quality goods and interacts with his customers in order to encourage them to continue buying from him.

Jacob needs this loan to purchase more rice, oil, beans, etc., for resale. He dreams and hopes that he and his family will remain in good health.

In the photo that accompanies this profile, Jacob is the one holding the sign.

About LEAP:

The Local Enterprise Assistance Program (LEAP) is Liberia's largest and oldest continuously operating microfinance institution, with 13 branches across the country. Founded in 1994, the non-profit organization has survived periods of civil war and severe socio-economic hardship. LEAP, a Kiva partner, seeks to help rebuild post-conflict Liberia through its group and individual loans to micro- and small-scale entrepreneurs, and puts emphasis on lending to women.

In this group: Jacob, Garmah, Matilda, Massah, Mamie

Loan details

Lenders and lending teams

Loan details