Allègresse Plus Group
Rose is a dressmaker who sells clothes in her area. She became a microentrepreneur in 2009. Her business is located in the eastern area of Kinshasa. Having received already two loans from Microfinance Institution HOPE DRC and fully repaid them, she intends to use this loan to buy fabrics to sew clothes and sell them at a profit in order to increase her working capital. Currently she earns a profit of $50 per week. Rose is 62 years old, married and the mother of four children aged between 22 and 30. Two of them attend school. Her dream is to someday open a sewing workshop in her area located east 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