Went Plus Group
Josée sells fresh food in the north eastern and most populated areas of Kinshasa. She began her business in 2009. Hard work and good management has helped her succeed at making a profit.
She is a loyal client of IMF HOPE RDC and has already received three loans and repaid them properly.
With this loan, Josée will buy three boxes of fresh food to resell. The business gives her a profit of $60 every week.
Josée is 43 years old, married and the mother of three children who ages vary between three and 12 years old. Two attend school. Her ambition is to expand her business.
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