Abraham Plus Group
Delly is 44 years old. She operates a drugstore and sells soft drinks. She buys crates of soft drinks and resells them at a profit. She sells her products daily and nightly in her area.
Delly started her business in 2003. She is a trustworthy client of HOPE RDC, having five times obtained and correctly repaid loans. Her next loan will allow her to increase the inventory of her business by buying more antibiotics and crates of soft drinks to increase her sales in order to make a better profit. Delly makes a profit of about US$25 per day. She is married and the mother of six children, aged six months to 17 years. Four of them attend school. She is also taking care of her cousin and niece. Her ambition is to become a medicine wholesaler.
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