Albert M. is the vice-president of a Hope RDC group named "Nuage Plus" which means "Cloud Plus" in English. He sells clothing at the grand marketplace of Kinshasa. Experience, respect for the principles of managing, as well as rigor in his work have made his business prosper, generating a profit of $10 per day. Albert's dream of opening a large clothing firm one day compelled him to join a Hope RDC group with the goal of realizing his ambitions. He thanks Hope for having trained him in management. Albert is 40 years old, married, and the father of five children. Two of them go to school.
Albert M. est vice-président dans un des groupes de Hope RDC dénommé « Nuage Plus » qui signifie Cloud Plus en anglais. Il vend des vetements au grand marché de Kinshasa. L’expérience, le respect des principes de gestion ainsi que la rigueur dans le travail ont fait prospérer son affaire qui lui génère un bénéfice de $10 par jour. Son rêve d’ouvrir un jour une grande maison commerciale d’habillement l’a poussé à intégrer un des groupes de Hope RDC dans le but d’avoir un soutien financier permanent en vue de réaliser ses ambitions. Il remercie Hope pour l’avoir formé en gestion. Albert est âgé de 40 ans, marié et père de 5 enfants, dont 2 d’entre eux vont à l’école.
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.