Mopepe Ya Sika Plus Group
Marie’s main business is selling cassava and corn flour in her area, located to the west of Kinshasa. Since 2000, she has been in the micro-business world. She has acquired solid experience in this area, works hard, and has good management skills, which will help her achieve her dream of one day becoming a food-trade woman. She would also like to achieve financial independence through her business which earns her $30 per week.
Marie is happy to be among DRC HOPE’s clients. She will increase her stock of products with her next loan by buying some sacks of cassava and corn flour and reselling them for a profit. At fifty-three years old, Marie is married and has eight children between eighteen and thirty-three years old. One of them goes to school.
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