Kilolo M. really has a passion for commerce. In 1985 at the age of 15, she got involved in the world of micro-enterprises. She had started her business with $50 in initial capital, which had enabled her to buy salted fish to sell. Her business prospered through 1990. The political and economic instabilities of the 90’s disrupted her work leading to a drop in business. In 2000, Kilolo started up again selling used clothing, and she diversified a few years later by including the sale of spices, which she sells today.
Kilolo decided to join a HOPE RDC group named “Joyeux Lutins” in 2008, with the goal of opening a clothing store one day. She is a loyal client who has received HOPE RDC loans and who has totally repaid them on time. The last loan she had was used to buy ten trays of eggs, as well as spices to sell in order to grow her revenues.
Kilolo is divorced and is the mother of four children, ranging in age from 6 to 17. Three of them are students. One is in secondary school, and two are in primary school. Currently, her capital amounts to $100. Her business generates for her a profit of $48 each week.
Kilolo M. est vraiment passionnée du commerce. C’est depuis 1985, qu’elle est entrée dans le monde de micro-entreprise à l’âge de 15 ans. Elle avait commencé son affaire avec un capital initial de $50 qui lui avaient permis d’acheter des poissons salés à revendre. Son affaire a connu la prospérité jusqu’en 1990. Les instabilités politiques et économiques des années quatre-vingt dix ont perturbé l’activité causant ainsi sa baisse. En 2000 an, Kilolo relance la vente d’habits usagers qu’elle diversifie quelques années plus tard en y ajoutant des épices qu’elle vend jusqu’aujourd’hui. Elle décide d’intégrer un des groupes de Hope RDC dénommé « Joyeux Lutins » en 2008, dans le but d’ouvrir un jour un magasin d’habillement. Elle est une cliente fidèle qui a reçu des crédits de Hope RDC qu’elle a totalement remboursés à temps. Le dernier prêt qu’elle a obtenu, lui a servi d’acheter 10 plateaux d’œufs ainsi que d’épices à revendre pour accroitre le revenu. Kilolo est divorcée, mère de 4 enfants dont leurs âges varient de 6 à 17 ans. Trois d’entre eux étudient. Un au secondaire et deux à l’école primaire. Actuellement, son capital propre est de $100. Son activité lui génère un bénéfice de $48 par semaine.
About HOPE DRC
HOPE 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.