Gédéon Plus Group
Nzeki M., 44, is single and runs a restaurant. With her first loan, she expanded her business by adding vegetables and palm oil, items in high demand where she works in eastern Kinshasa. She has been a faithful HOPE DRC client since then and her business has prospered. She makes the equivalent of $10 per day in profit.
Nzeki M. is planning with this loan to increase the stock of her restaurant by purchasing twenty kilograms of salted fish. She is working very hard and would like to continue receiving HOPE DRC loans in order to achieve her dream of modernizing her restaurant by using electrical appliances such as hot plates instead of charcoal. She also plans to start a catering service.
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.
About Congo (Dem. Rep.)
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Success!! The loan was 100% repaid