Tujikaze Baco Group
Update on Tujikaze Baco Group“Tujikaze BaCo” is a group of 7 owners of small businesses that is chaired by Kazadi. The members are jointly liable for loans granted by Kiva, which they use to grow their businesses.
Kazadi sells soybeans and cassava flour in retail. She is 53 years old, married and the mother of eight children aged between 14 and 31 years old. Two of them go to school. She has been a micro-entrepreneur since 1981. She is a hard working woman who has demonstrated abilities in business such as organization and good management. Kazadi is a loyal client of the MFI HOPE RDC. She has already received eight different loans and has repaid them correctly. With the next loan, she plans to increase the stock of her goods by buying some sacks of soybeans in order to meet the high demand of her customers in her community. She is confident with her business. She knows how to attract her customers by offering them what they need and like. She is also diplomatic when she talks with her clients. Her business generates the profit of US$60 per week. She wants to be the main provider of soybeans in her community.
Previous Loan DetailsLucie, age 49, sells clothing. With her next loan, she is planning to purchase a roll of fabric to make school uniforms to sell with the goal of increasing her profits. Her business generates a profit of $400 per month. Lucie’s ambition is to someday open a drugstore in her area. She is married a... More from Tujikaze Baco Group's previous loan »
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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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