Arche De Noé Plus Group
From 1994 to 2000, thanks to her accumulated profit, she diversified her business by adding the sale of mosquito nets, which were very necessary for people in her area to combat malaria. From 2001 to the present, Joséphine took up the sale of fish, which she is better at. Difficulties in her household in 2006 led to a divorce from her husband and caused a drop in her business.
Joséphine is very much encouraged by the loans she receives from Hope RDC. The loan she has obtained in the month of June allowed her to buy 2 baskets of smoked fish which she is selling in view of increasing the income from her business which generates US$ 30 in profit per week.
Her ambition is to open a little shop and a maize and manioc depot. She has 6 children aged 3-21 of whom only 3 are enrolled in school. Joséphine feels good about her business since she is the breadwinner for her family.
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