Célestin S. has been vice president of one of the Hope RDC groups called “Puits de Jacob Plus” since 2008. He owns and runs a small store and telephone booth, which he started in 2002 with an initial capital of $100. His clientele consists mainly of students, since his business is located on the university campus. Since 2008 Céléstin has received several loans which have strengthened and stabilized his business and which he repaid in full and on time. The loan he will receive in this loan cycle will enable him to buy milk, sugar, soap, prepaid phone cards and various other items which he will sell in order to increase profits. After his university medical studies this year, Célestin aims to open a medical center. He is single and 31 years old. His business currently provides him with a weekly profit of $150. His group was privileged to receive a visit from John, a Kiva Fellow from the US.
Célestin S. est vice-président d’un des groupes de Hope RDC dénommé « Puits de Jacob Plus » depuis 2008. Il gère sa propre boutique ainsi qu’une cabine téléphonique qu’il a commencées en 2002 avec un capital initial de $100. Sa clientèle est constituée en grande partie par des étudiants car, son activité se situe au campus universitaire. Depuis 2008, Célestin a reçu plusieurs prêts qui ont renforcé et stabilisé son affaire et qu’il a remboursé totalement à temps. Le crédit qu’il recevra ce cycle, lui permettra d’acheter du lait, du sucre, des savons, des cartes prépayées et d’autres articles divers à revendre dans le but d’augmenter le bénéfice. Après ses études universitaires en Médecine cette année, Célestin a une ambition d’ouvrir un Centre Médical. Il est célibataire âgé de 31 ans. Actuellement, son affaire lui génère un bénéfice de $150 par semaine. Son groupe a eu le privilège d’être visité par John qui est Kiva Fellow venu des USA.
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.