Trésor Plus Group
Odile began her first business in 2000. After divorcing from her husband in 1998, she and her 8-year-old daughter came through a very difficult economic period. She began her business with an initial capital of US$ 20. She was selling omelettes and tea to her customers. From 2000 to 2008 her capital rose to US$ 200.
She had a drop in capital in 2009 due to the instability of the currency. This new loan has permitted Odile to buy 30 sacks of charcoal for re-sale so as to increase her profit. Her dream is to open a charcoal depot so as to supply retailers.
Odile is 43, divorced, and the mother of 4 children, of whom one daughter of 8 years old lives with her and is enrolled in school.
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