Emma T., aged 45, is president of the "Beny Plus" group, comprised of 26 members who wish to obtain Kiva loans through Hope Kinshasa RDC. Emma started his coffee-selling microbusiness in 2004 with $100 in capital. Over the years, circumstances pushed him to change his business. Today, Emma sells assorted products in his quarter north of Kinshasa, which is the most populated of all the quarters. In 2008, he decided to begin the "Beny Plus" group to achieve his dream of becoming a wholesaler who supplies products to retailers. He has received three loans from Hope RDC which he repaid in full. The next loan will be used to purchase bags of milk that he will sell to increase his income. Presently, his business generates $70 in profit per week. Good management and reduced spending are the strategies used by Emma to make his business prosper. He is married and has three children whose ages range from 5 to 14 years. The two oldest are in school.
Emma T. 45 ans, est président du groupe « Beny Plus » formé solidairement de 26 membres pour obtenir des crédits de Kiva à travers Hope Kinshasa RDC. Emma avait commencé sa micro-entreprise en 2004 en vendant du café avec un capital initial de $100. Au fil des années, les circonstances l’ont amené a changé l’activité. Aujourd’hui, Emma est vendeur des articles divers dans son quartier périphérique localisé au nord de la ville et le plus peuplé de Kinshasa. En 2008, Il a décidé d’intégrer le groupe « Beny Plus » en vue de réaliser son rêve de devenir grossiste pour fournir des marchandises aux détaillants. Il a reçu trois les crédits de Hope RDC qu’il a remboursés totalement. Le prochain prêt lui servira d’acheter des sacs de lait à revendre pour accroitre le revenu. Présentement, Son activité lui génère un bénéfice de $70 par semaine. La bonne gestion et la réduction des dépenses sont les stratégies utilisées par Emma pour faire prospérer son affaire. Il est marié et père de trois enfants dont leurs âges varient entre 5 et 14 ans. Les deux premiers sont scolarisés.
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.