Adonai Plus Group
Bernadette has been part of the micro-enterprise world since 1992. She runs a restaurant. Her business is in the western part of Kinshasa. The loan she’ll obtain next will be used to increase the restaurant’s stock by buying chickens, two 50kg sacks of corn and manioc flour and vegetable oil with the goal of increasing her profits. Her business generates a profit of $480 per month. Bernadette is married and the mother of three children whose ages vary between 18 and 32 years old. Two of them attend school.
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