By the end of every day, Souzane would pay back the goods’ cost and keep the little bit of profit as agreed with the owner of the items. Through her determination and hard work, she has been able to save enough money to begin her own business and build a loyal customer base that has began to pre-order utensils.
Souzane joined one of Hope’s groups named "M.", which means thanks in English, last June. With the coming loan she plans to increase her working capital and be able to buy 1 bale of second-hand clothing and kitchen utensils. This bale will enable her to generate additional profits that will allow her business to grow and change. Souzane is 53 years old and the mother of four children and she also takes care of one other child. She lives with her family in the northern suburban area of Kinshasa.
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