Main De L'eternel Plus Group
Marie began her business in 1991 with an initial capital of US$ 70. From 1991 - 2007, Marie acquired solid experience in selling sugar. Despite the pertubation of her business by the wars and political instability of the 90s in Kinshasa, Marie struggled to maintain her position by reinvesting her profits, working without cease, and by good management. She diversified her business thanks to various loans she received from Hope DRC, which she reimbursed in a timely fashion.
Today her business consists in buying and delivering tea, coffee, and soy to her customers. The loan that she received in this month of June was used to buy 1 sack of sugar, 1 sack of rice, and some milk to resell with the intention of increasing her profit. Presently, her personal capital stands at US$ 180. Her business is bringing in US$ 40 per month.
Marie is 46, married and the mother of 7 children whose ages vary between 3 and 29. Four of them are enrolled in school. She does her business in an outlying and very populous neighborhood north of Kinshasa.
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.
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Success!! The loan was 100% repaid