Winner Plus Group
Brigitte sells second-hand clothing and shoes. She became a micro entrepreneur in 2008. Her business is located in the middle area of Kinshasa, the capital of the Democratic Republic of the Congo.
She has received already one loan from the microfinance institution HOPE DRC and fully repaid it. She intends to use this loan to expand her inventory. She will buy a bundle of second-hand clothing in order to resell it and increase her working capital. Currently she earns a profit of $240 per week. Brigitte is 37 years old, married and the mother of four children aged 3 to 14. Three of them attend school. Her dream is to someday open a transportation enterprise.
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