Secours De Dieu Plus Group
Dalo sells second hand clothing. She started her business with the beginning capital of US $50. With hard work and determination, she succeeded in making it thrive thanks to good management and accumulated profits.
She is a loyal client of IMF HOPE RDC who has already received two different loans and has repaid them correctly. She intends with the next loan to increase the inventory of her business by purchasing two second-hand clothing bundles in order to increase the profit. Currently, she earns a profit of $90 every week. Dalo is married and the mother of six children aged between 1 and 17 years old. Four of them go to school. Her dream is to open a clothing boutique 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