David K. is president of a group that started with Hope RDC and is called “Mabondeli Plus.” He runs his own telephone booth in a busy neighborhood east of Kinshasa. David entered the world of micro-business in 1993. He would go from village to village bartering salted fish and soap for bags of cassava and corn, which he then sold in Kinshasa. This business supported him while he finished his high school studies in 1998. After the company where he was working closed in 2002, David once again took up bartering in different villages until he opened his own telephone booth in Kinshasa in 2002 using the profits he had accumulated. He plans to use the next loan from Hope to buy prepaid phone cards and sell them in order to increase the income from his business, which provides him with a weekly profit of $35. His ambition is to open a pharmacy, given the increasing need for medicines. David is 36 years old, married and the father of four children aged between two and eight. Two of the children are at primary school.
David K. est président d’un groupe qui évolue avec Hope RDC dénommé « Mabondeli Plus ». Il gère sa propre cabine téléphonique qui se situe dans le quartier populaire à l’est de Kinshasa. David est entré dans le monde des micro-entreprises en 1993. Il allait dans des villages faire le troc en échangeant des poissons salés et des savons aux sacs de manioc et maїs qu’il revendait à Kinshasa. Cette activité l’a soutenu pour terminer ses études secondaires en 1998. Après la fermeture de la société où il travaillait en 2002, David s’est de nouveau lancé dans le troc dans des villages jusqu’en 2002 lorsqu’il a ouvert sa cabine téléphonique à Kinshasa grâce aux bénéfices accumulés. Il compte avec le prochain prêt de Hope acheter des cartes prépayées à revendre pour accroitre le revenu de son affaire qui lui génère un bénéfice de $35 par semaine. Son ambition est d’ouvrir une pharmacie à cause du besoin croissant en médicaments. David est âgé de 36 ans, marié et père de 4 enfants dont leurs âges varient entre 2 et 8 ans. Deux d’entre eux vont à l’école primaire.
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.