Fortune Plus Group
Munoko has been part of the micro-enterprise world since 2008. He runs a general store in the eastern area of Kinshasa. He has acquired solid experience, he works hard, and he applies good management skills in order to realize his dream of one day opening a larger store in his area. He would also like to achieve financial independence through his business, which earns him $10 per day. He works to the best of his abilities and uses his contacts so that he might achieve his goals. With his current loan, Munoko will increase his store's stock of goods by buying items such as soaps, canned goods, and sacks of sugar to resell at a profit.
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