Siloe Plus Group
Justine, aged 48, began her business in 2008. She sells cooked pork meats (such as pâté, "rillettes", ham and sausages) and cakes in front of her plot of land in the mountains west of the city of Kinshasa. She is a regular client who received five loans from Microfinance Institution HOPE DRC and repaid them on schedule. She will use this loan to diversify her business and buy eggs for resale and increase her income. Currently she earns a profit of $12 a day. She is a hard-working lady who manages her business efficiently to fulfill her goal of opening a store on her plot of land.
Justine is divorced and the mother of three children aged 17 to 25. Two of them attend school.
Justine 48 ans, a commencé son activité en 2008. Elle vend de la charcuterie et des gâteaux devant sa parcelle située dans la partie montagneuse à l’ouest de la ville de Kinshasa. Elle est cliente fidèle qui a reçu 5 fois les prêts de l’IMF HOPE RDC et les a remboursés correctement. Le crédit qui lui sera octroyé prochainement lui servira à diversifier son activité en achetant des œufs à revendre en vue d’accroitre le revenu. Actuellement, elle génère un bénéfice de $12 par jour. Elle travaille durement avec une bonne gestion afin d’atteindre son objectif d’ouvrir une boutique dans sa parcelle. Justine est divorcée et mère de 3 enfants âgés de 17 à 25 ans. Deux d’entre eux vont à l’école.
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