Sincérité2 Plus Group
Mavuzi is 27 years old and single. He runs a telephone booth. He started his business in 2006 with a beginning capital of 50 USD. With hard work and determination, his business prospered. Mavuzi’s business is located in the west of the city of Kinshasa. With the next loan, he intends to purchase more prepaid cards and increase the inventory in order to add to his working capital. He makes about 120 USD profit each week. His ambition is to become a primary card provider in his area. Mavuzi is the father of two children, ages 1 and 3.
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