We Are One Group
Mamie and her family live and work in the Old Road community, a community that has both poor and middle class Liberians; it is about 3 miles from downtown Monrovia, Liberia. She was never able to go through high school due to lack of financial support from her parents.
Mamie’s business is the sales of general goods such as rice, oil, pepper, and other cooking ingredients. She buys her goods from wholesalers and sells retail on a table to residents of Old Road in Monrovia. She has been running this business for 5 years and hopes to own a shop in the near future.
Mamie started by selling oil around the community, but now sells on a table. She has a good relationship with her customers in order to encourage them to continue buying from her. Mamie needs this loan to purchase rice, oil, seasonings, etc. for resale. She dreams of educating her children and building a house for her family to live in.
In the photo that accompanies this profile, Mamie is the one holding the sign. Adama K. and Hawa Z. are inset at lower left.
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 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.
Note on LEAP:During routine partner monitoring, Kiva learned that LEAP's delinquency data may be understated due to technical problems with their reporting software. Because this report is key to our analysis of the risk of this partner, delinquency or default rates on loans to this partner may be higher than we expect. For further details, see LEAP’s partner page on Kiva.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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Success!! The loan was 100% repaid