Lisala Plus Group
Lylie Nlemvo runs a pharmacy in the eastern surburb of Kinshasa. She started her business in 1987 selling women’s clothing. She had many difficulties in her business life over the nineties due to the economic and political instability in Kinshasa. From 2005, Lylie decided to change the business and opened a pharmacy that she has been running until today. She is a loyal client of MFI HOPE RDC who has already received six different loans and has repaid them properly. She intends to use the next loan to buy more medicines needed by the customers in her area to resell with the aim of increasing her profits. Each week, her business brings in a profit of US$ 120.
Her ambition is to expand her business by opening other drugstores in different places. Lylie is married and has two children, who are aged 12 and 20 years old. Both go to 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