Makiese Plus Group
Wivine has her sales point in a neighborhood in the center of Kinshasa where she has lots of customers. She began by selling chickens in 1989. Her intital capital was US$ 40. From 1990 to 1993, with the profits she had accumulated from her business, Wivine diversified and added the sale of sausages which she bought wholesale and delivered to grocery stores. This brought her working capital up to US$ 1,000.
In 1993, Wivine fell victim to the pillaging in Kinshasa and lost all her merchandise. She was left without merchandise and without funds. Thus, from 1994 to 2004, she tried selling cases of soap without success. In 2003 she was caught off balance at the death of her husband. She changed her business in 2005 to begin selling spices which brought her to a significant capital of US$ 2,400--which sadly was stolen by robbers.
Around the end of that same year, Wivine took up selling fried dough again with the insignificant working capital of $20, a business she has continued until this day. Her business is growing rapidly and producing a profit of US$ 30 per week. The loan that she has received has allowed her to buy 1 sack of wheat flour, 1 jerrycan of 25 liters of refined vegetable oil, sugar, and other ingredients for making fried dough in order to grow her profit. Her dream is to open up a drinks depot so as to be able to supply retailers.
About HOPE DRCHOPE International has been providing small business loans and savings services to thousands of entrepreneurs in DRC since 2004. HOPE DRC targets small business owners who can use loans to increase their inventories or invest in assets that have the potential to increase their incomes. Funds from Kiva lenders play a major role in expanding access to affordable, flexible capital for micro-entrepreneurs, 80% of whom are women.
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.
About Congo (Dem. Rep.)
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Success!! The loan was 100% repaid