Emma T. is 44 years old and married with four children, who are between the ages of 2 and 15. Emma also takes care of a 26 year old girl named Pamela.
Emma started his first business selling beverages and cartons of eggs in January 1998. He worked very hard and his business prospered. However, in 2006 thieves broke into his business and took all of his money and goods. He lost approximately $770 as a result of the theft. Due to this traumatic event, Emma closed his business. He and his family went through a hard time as he had neither a job nor anything with which to support his family financially. His life and future became dark.
Emma’s sister Dethy Tshama then gave him $300 as a donation and in 2007 Emma bought a stall and started a new business selling second-hand clothing. He likes this business because it's profitable and helped him stabilize his family economically. Emma sells in a heavily populated area of Eastern Kinshasa. He is now able to provide food and housing for his family, and pay the electricity and water bills and school fees for his children.
This past November, Emma joined a Hope DRC group called Inspiration with 40 members. Emma is very glad to have joined because he wants to enhance his business with a loan. With this loan, he plans to rent a building and move his business indoors in order to avoid the heavy rains during the rainy season. He says that a loan from Hope DRC is his “saviour.”
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