Manassé Plus Group
Bibi sells shikwanges (a kind of bread made of manioc flour), which is Kinshasa’s main food. She also sells peanuts, cakes, handbags, and miscellaneous items. She sells in a market located in the northeastern part of Kinshasa. She has been in business since 1985. She has borrowed eight loans from the MFI HOPE DRC for business expansion and has fully repaid them.
With the next loan, Bibi will be able to meet her customer demand and generate additional profits. Her business makes US$50 of profit per week. One of Bibi’s strategies to keep her clients is that she tells them in advance about any change that can occur in business. Her ambition is to open a shikwanges facility in her area.
Bibi is 53 years old, married, and has two children. All of them attend 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