Bokoli Plus Group
Mado is 43 years old; her activity is to sell soft drinks. She buys crates of soft drinks and resells them by the piece at a profit. She sells her products daily in her area.
Mado started her business in 2000. She is a trustworthy client of the MFI HOPE RDC, having ten times obtained and correctly repaid loans. Her next loan will allow her to buy crates of soft drinks and women’s clothing in larger quantities to increase her sales in order to make a better profit.
Mado makes a profit of about US$13 per day. The aims of this loan are mainly to generate income for food and school fees for her children. She is married and the mother of four children. She also is responsible for nine others (children and grandchildren).
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