Gedeon Plus Group
She is the chairwoman of the Community Bank “Gedeon Plus,” which is composed of 15 members united in solidarity to receive loans from Kiva through the MFI HOPE RDC with the goal of developing their businesses.
Ida started her business in 2003. She sells Forever personal care products in her environment, located mid-west of the city of Kinshasa. Each week, her business brings in a profit of about US $40.
She is a loyal client of the MFI HOPE RDC who has already received nine different loans and has repaid them properly. As the Forever product demand is high in her community, she intends to use the next loan to increase her stock of merchandise and resell it with the aim of increasing her profits.
Her ambition is to open a drugstore.
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