Bomoko Plus Group
Jacquie began to sell fritters in 1997 with an initial capital of US$ 2. In 1998, her friend asked her to help make food for her little restaurant near the university, in the north of Kinshasa. Jacquie gained experience during this period and decided to open her own restaurant in 2000.
Working with determination and good management skills, she developed her little business so that she had a working capital of more than US$ 500. In 2001, the city passed a decree forbidding restaurants near the university and put an end to her activity.
From 2001 till today, Jacquie has been selling spices in the market and has opened another restaurant at the same place. In 2006, she decided to join one of the HOPE groups called "Bomoko", which means "unity", hoping to realize her dream of one day opening a grocery store. She is a faithful client of HOPE. She has received 7 loans that she reimbursed in a timely manner.
Jacquie is 30, married and the mother of 2 children aged 8 and 13. Both children go to school. Presently her working capital stands at US$ 900 and her business brings in a profit of US$ 85 per week.
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