Bozui Na Ekenge Plus Group
Frederick K. manages his own crafts workshop, where he sells bowls, buckets, watering cans, and waffle makers, which he creates from sheet metal. He also sells second-hand items. Frederick started his business in 1992, selling drinks; this business later transformed into his crafts workshop. In the enterprise of developing his workshop and becoming a supplier of hardware stores in the area, Frederick has joined one of the Hope RDC's groups known as "Bozui na Ekenge Plus" to benefit from continuing financial support through loans. The next loan he is requesting will be used to buy materials for his business with the goal of increasing the quality of his products and thus increase his revenues.
Frederick is 45 years old, he is married and the father of 4 children aged between 4 and 19 years old. 3 of his children are currently in attending secondary school. His business generates $30 a week for him and is situated in southeast Kinshasa.
Frederick K. gère son propre atelier artisanal là où il vend des basins, seaux, arrosoirs et gaufriers fabriqués à l’aide des tôles. Il vend aussi des objets de seconde main. Frederick a commencé son activité en 1992 en vendant la boisson qui a été transformée plus tard en atelier artisanal. Dans le souci de développer son atelier et devenir fournisseur des quincailleries de la place, Frederick a intégré un des groupes de Hope RDC dénommé « Bozui na Ekenge Plus» pour bénéficier d’un soutien financier permanent à travers des crédits. Le prochain prêt lui servira d’acheter le matériel de travail de son atelier dans le but d’améliorer la qualité de ses produits et ainsi accroitre le revenu. Frederick est âgé de 45 ans, marié et père de 4 enfants âgés entre 4 et 19 ans dont trois vont à l’école secondaire. Son activité lui génère $30 par semaine et se situe au sud-est de 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