Colonne De Feu Plus Group
Josephine operates a drugstore in the mid-western area of Kinshasa. She is 50 years old, a widow and the mother of seven children who are between the ages of 10 and 28. All of them attend school. She began her business in 1993. With hard work and good management, and by providing good customer service, Josephine has seen her business prosper and has permanent customers to keep it up. Her business generates about $40 of profit per week. Her strengths are in her case the purchase of appropriate drugs for her customers.
Josephine has already received three loans from Microfinance Institution HOPE DRC and successfully repaid them. She is planning with the next loan to expand her business by buying more medicine needed by her customers. Her ambition is to open another drugstore and to be a medicine provider in her environment.
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