Paix Plus Group
Evelyne earns a living by selling loaves of bread in her neighborhood located southwest of Kinshasa. She has more customers. She started her business in 2000 with a beginning capital of US$50. She has already received six loans from HOPE DRC and repaid them correctly. Her business brings in a profit of US$40 each week.
Evelyne is planning with the next loan to purchase 40 boxes of loaves of bread to resell at a profit. Her ambition is to provide loaves of bread to more than a thousand customers in the medium term.
She is 40 years old, married and the mother of six children between the ages of 4 and 11. She is also responsible for eight other children left in her care by relatives.
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