He began his business in 2004, after the company where he used to work closed due to political and economic instability. He started his business with a capital of $100. With hard work and good management, and by providing good customer service, Andre’s business has prospered and has permanent customers to keep it up. André’s wife is a nurse and has been helping him by promoting the business. As a nurse, she has been helping André make the best choices about purchasing appropriate drugs in the area. She works with him in developing the drugstore. They both like their business and they also like talking to their customers about their health. André has been in one of Hope’s loan groups since last July. He is planning to expand his business with the new loan, by opening another drugstore.
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