Mabondeli Plus Group
Annie is 43 years old and married with three children between the ages of 12 and 18. All of her children go to school. Annie started her business in 1988 selling beans and rice and today she operates a restaurant located in the heart of Kinshasa. Her restaurant has prospered thanks to Hope’s loans and Annie is able to increase her working capital with her daily profit of about 30 USD.
Annie is happy to be part of one of MFI Hope’s groups. She joined the group in 2010 and her business has been strengthened through the seven loans she has received and repaid from MFI Hope DRC. In the future, Annie’s dream is to diversify her business by opening a beverage facility.
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