Sanza Plus Group
Antoinette’s main business is selling slippers and women’s clothing in a market located in the mid-west of Kinshasa. She has been doing this for a long time and has acquired solid experience in this area. Antoinette works hard and has good management skills, and she hopes to achieve her dream of one day opening a clothing shop. She would also like to achieve financial independence through her business, which currently provides her with about 280 USD each month. Antoinette works to the best of her abilities and uses her contacts so that she might achieve her goals.
Antoinette is a trustworthy client of the MFI HOPE RDC and has obtained and successfully repaid seven previous loans. She will use her loan to buy more pairs of slippers in bulk 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