Amani Baco Group
Christian started his business in 2006. He sells charcoal at the market located north-east of the city of Lubumbashi. Besides that, he also runs a sewing workshop. He is a loyal client of IMF HOPE RDC who has already received 13 different loans and has repaid them properly. He intends to use the next loan to reinforce his business by purchasing sewing items and more sacks of charcoal in bulk that are needed by his customers and reselling them at a profit with the aim of increasing his profits. Each week, his business brings in a profit of US$100 per month.
Christian’s ambition is to develop his sewing workshop in his environment. He is the father of seven children aged between 2 and 16 years old. Five of them go to school.
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