Marie is the leader of the Community Bank named “Bon Coeur Plus". It is composed of 26 members united in solidarity to receive Kiva loans with the goal of developing their businesses.
Marie is 58 years old and divorced. She is a mother of five children aged between 31 and 44 years old. She sells miscellaneous goods. She has been active in her business since 2001. She began her business selling miscellaneous goods. She joined a group of Hope (a DRCongo Microfinance Program) in order to achieve her dream of one day developing an orchard of fruit trees and a field of manioc.
About HOPE DRC
HOPE 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.