Bible Plus Group
Dorothée sells beverages to the east of Kinshasa. She has been in business since 1998. She has worked hard to develop her business. With the high demand of the clients, Dorothée intends with the next loan to buy ten crates of drinks for resale at a profit in order to increase her income. She hopes to generate more profit to support her family. Currently, her business generates US$180 of profit per week.
Dorothée’s ambition is to open a beverage facility and deliver beverages in her environment. She is 45 years old, married, and the mother of eight children whose ages range between 12 and 26 years.
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