Tonnere Plus Group
Godet’s main activity is selling pairs of shoes in detail. He has been a micro entrepreneur since 2001. Godet is a loyal client of the MFI HOPE RDC who has already received ten different loans and has repaid them correctly. He is planning with the next loan to increase the stock of his goods by buying thirty pairs of shoes in order to meet the high demand of his customers in his community and make more profits. Currently, Godet’s business brings in US$70 per week. His ambition is to someday open a shoe factory in his environment. His business is located mid-west of the city of Kinshasa. He is 38 years old, and married.
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