Divinité Plus is a Community Bank made up of 33 members whose chairman is Lubadika. These members are united for the same goal: to grow their businesses using loans received from Kiva through IMF HOPE RDC.
Lubadika sells cans of paints. He began his business in 1998. After hard work and good management, he succeeded in making it thrive thanks to the accumulated profits. He will increase his stock of merchandise with his next loan by buying some more cans of paints in bulk and reselling them at a profit in his neighborhood. Every week his business generates a profit of US$40. Lubadika is 32 years old and engaged.
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.