Sainte Cathérine Plus Group
Mamu is 57 years old and married. She is the mother of nine children, ranging in age between 17 and 27. Three of her children attend school. Mamu’s main activity is selling smoked fish from her business located west of the city of Kinshasa. Besides that, she also sells beverages. Currently, her business brings in 30 USD weekly. Mamu has been a micro-entrepreneur since 2007 and is a loyal client of the MFI HOPE RDC. She has received and repaid four previous loans.
Mamu is requesting a loan to increase her stock of goods by buying packages of smoked fish to meet the high demand of the customers in her community and to make more profits. Her ambition is to become the best smoked fish provider in her area.
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