Aubaine Plus Group
Jean started his business in 2006 with an initial capital of US $80, selling spices. Today, he operates a general store in the northeastern area of Kinshasa.
He is 32 years old, married and has four children between the ages of 10 and 12 years old. The four of them go to school.
Jean is happy to be part of one of HOPE’s groups. He joined in February 2010, and his business has been reinforced through the three loans he received. He has repaid them all correctly. His dream is to open a soft drink store. He will use the loan to increase the inventory of his business in order to reinforce the working capital
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