God Knows Us Group
Mary and her family live and work in the Gbengber community in Elwa in Monrovia, the capital of Liberia. She was never able to go to school herself due to lack of financial support from her parents.
Mary’s business is the sale of foodstuffs such as oil, pepper, garden eggs (eggplant), etc. She buys her goods from wholesalers and sells retail to residents of her community. She has been running this business for more than twenty years and hopes to become a big businesswoman in the near future.
Mary started selling with money that was given to her by her late husband but she is sometimes faced with rainy season problems because, when it rains, business can really be bad. Mary talks to her customers in a friendly manner in order to encourage them to continue to buy from her. She dreams of buying land to build a house for her family.
The Local Enterprise Assistance Program (LEAP) is Liberia's largest and oldest continuously operating micro-finance institution with thirteen 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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