Winner Plus Group
Faty experienced a drop in business in 1997 due to political instability. She began again in 2000 and has prospered through today. She now has capital amounting to over $500. She makes her sales in Matonge, which is the best known and busiest place in Kinshasa. She likes her business because it's profitable and provides the chance for her to meet a lot of people.
She is 31 years old, married, and the mother of three children, who vary in age from 4 to 8. Only two of them go to school. Faty dreams one day of becoming an importer of auto parts directly from the West.
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