Mabongisi Ya Nkolo Plus Group
Rebecca started her business in 2000 with a capital of $150. Today, she operates a general boutique. She is 34 years-old, married and has four children whose ages are between four and ten. Three of them go to school. Rebecca has already received seven times the MFI HOPE DRC loans and fully repaid them. With the profit of about $30 earned per week, she intends with the next loan to increase the inventory of her business by buying cans, sugar, sacks of rice and beans and other store items to resell for a profit. Currently, Rebecca is happy to be part of one of Hope’s groups because her business has been reinforced through the loans she received. Her dream is to someday become a wholesaler. She sells in the western area of Kinshasa.
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