Miriame Plus Group
Maya, aged 50, is married and has two children. She sells pairs of slippers and wicks in the north western area of Kinshasa. She has been in business since 2000. She has acquired solid experience and her business has prospered, thanks to good management and accumulated profits. She is a loyal client who has already received the MFI HOPE DRC loans two times and repaid them properly. She intends, with the next loan, to purchase more pairs of shoes and some wicks to increase the inventory of her business. Her plan is to resell these items in order to increase her income. Currently, she earns a profit of US$100 every 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.
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Success!! The loan was 100% repaid