Dieu Vivant Plus Group
Jules is 47 years old and a father of seven children whose ages vary between 3 and 15. He also cares for a brother-in-law. Jules sells beverages to the west of Kinshasa. He has been in business since 2005. Jules joined one of HOPE’s groups (a DRCongo microfinance program) in 2009 and received 5 loans, all of which he has paid back regularly. He has worked hard to develop his business. With the high demand of his clients, Jules intends to use this next loan to buy 10 crates of drinks for resale at a profit, as well as some goods in bulk for his general store to increase his income. He hopes to generate more profit to support his family. Currently, his business generates $90 in profit per week. Jules’s ambition is to open a beverage facility and deliver beverages 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