Colonne De Feu Plus Group
Annie, who is married, has five children between 16 and 25 years old. Three of her children attend school. Annie has been selling soya beans and miscellaneous since 1994 in the western part of Kinshasa. Currently, her business brings in a profit of US$60 per week. Annie plans to use the coming loan from Hope to increase her inventory by purchasing one more soya bean sack for reselling at profit in order to increase her income. Annie has a point of sale within her community. She dreams one day to open a large soya bean facility in her environment.
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