Resurrection Plus Group
Mado, 48, became a micro-entrepreneur in 1991. She sells vegetable oil, corn seeds, and manioc in the southwestern part of Kinshasa. She likes her business and works hard with good management skills in order to realize her dream of one day opening a large store in her area. Her business brings in $40 per week. Mado is a trustworthy client of MFI HOPE RDC, having nine times received and correctly repaid loans.
With this loan, she will increase her stock of merchandise by purchasing corn seeds, cassava and vegetable oil to resell at a profit. Mado is married and the mother of six children whose ages are between 3 and 26 years. Five of them attend school.
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