Persévérance Plus Group
Rose’s main business is selling honey and yogurt. She goes door-to-door selling her products east of Kinshasa. Since 2007, Rose has been in the micro-business world and has been working hard with good management skills to realize her dream of one day opening a small honey and yogurt processing and storage plant. She would also like to achieve financial independence through her business which currently provides 40 USD each week. Rose works to the best of her abilities and uses her contacts so that she might achieve her goals. Rose is a trustworthy client of the MFI HOPE RDC and has received and repaid six previous loans.
Rose is requesting a loan to increase her stock of honey and yogurt to re-sell 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