Merveille Plus Group
Dieu Donné started his business in 1991, selling miscellaneous goods. Today he operates a general boutique. He is 39 years old, married, and has a seven-year-old son who attends school. Dieu Donné is happy to be part of one of Hope’s groups that he joined in 2010. His business has been reinforced through the seven different loans he received, and then repaid them correctly. His store generates a profit of about $110 each week.
He intends to use the next loan to increase the inventory of his business by buying items for resale in the store. In order to increase the profit and diversify his business, he will add beverages. His dream is to someday open a soft drink store.
Dieu Donné sells in the north eastern area of Kinshasa.
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