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Liberia: Microfinance
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Liberia: Microfinance
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Improving the economic situation of women is key to peace-building efforts in Liberia following a civil war that tore the country apart and left 75 percent of its people in extreme poverty. UNDP, with funds from Denmark, has set up revolving microloans that provide funds to women entrepreneurs, many of whom are heads of households.

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Produced by the United Nations Development Programme (UNDP).

Learn more about the Local Enterprise Advancement Program (LEAP).

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Segment 1

KEBBEH SUMBO
They started me with 3,000 Liberian dollars, and with that 3,000 I was able to buy three tins of oil, and I started to sell. As time went by I was able to pay LEAP [Local Enterprise Advancement Program, a UNDP microfinance initiative] money. Then I got another loan of 10,000. I own my own house and I've got a warehouse. So it is through LEAP that I have come this far.
KENYEH BARLAY [UNDP Liberia]
The rational for targeting women in microfinance worldwide is both practical, strategic, and economically viable. Women are more likely to pay debts. Women are more likely to use resources for the family rather than their individual benefit. And women are very adept in making small businesses grow.
KEBBEH SUMBO
This will be my living room, this is my living room ... and here is the dining room. I am so thankful to LEAP for having empowered me, that I am able as a woman, a single woman, to be able to build this kind of house.