Went Plus Group
José is 44 years old, married and the mother of three children, aged between three and ten years old. Two of them attend school. José has been selling fresh foods such as fish and vegetables since 1995. Through hard work and good management, she has succeeded in making her business thrive thanks to the profits she has made. José is a trustworthy client of HOPE RDC, having already obtained and repaid five loans. She will increase her stock of merchandise with her next loan by buying ten boxes of fresh foods and reselling them in her community. Her business generates a profit of US$50 per week.
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