Soutien Plus Group
Charlotte is 53 years old. She is a widow and the mother of nine children between the ages of 16 and 37. Charlotte sells corn and manioc flour. She has been in business since 1971.
After learning through her friend about Hope’s loan program, she decided to join one of its groups in July 2008. Charlotte has already received six loans from Hope that she repaid correctly.
Currently, her business brings in a profit of $45 per week. With her next loan she is planning to purchase four 35kg sacks of manioc and corn and two cartons of fresh fish to increase the inventory of her business.
Charlotte’s dream is to be a provider of those products in her area. She runs her business in the western area of Kinshasa.
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