Boboto Plus Group
Régine sells shikwanges (a kind of bread made of manioc flour), which are Kinshasa’s main food. She also sells onions and miscellaneous other foods. She sells at a market located in the northeastern part of Kinshasa. She has been in business since 1982. She has taken out 12 loans from HOPE DRC for business expansion and fully repaid them.
With her next loan, Régine will be able to meet the customers' demands and generate additional profits. Her business makes approximately $50 of profit per week. One of Régine’s strategies to keep her clients is that she tells them in advance about any change that can occur in her business.
Her ambition is to diversify her business by opening a beverage facility in her area. Régine is 45 years old, married, and has seven children between the ages of 10 and 26. Three 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.
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Success!! The loan was 100% repaid