Blessing Plus Group
Mfuti is 38 years old, married and a father of six children between the ages of 3 and 13. Four of the children go to school. He sells pairs of shoes. He has been in business since 1999 and has already received six loans from Hope that he repaid correctly. He has acquired solid experience and his business has prospered thanks to good management and accumulated profits. He intends, with the next loan, to purchase 20 pairs of shoes to increase his inventory. Currently, he earns a profit of $30 every week. His dream is to open a general boutique in his area.
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