In 1998, Mado decided to change her business by starting to sell rice, semolina and vegetable oil. Most of her working capital was focused on semolina because of the profit it was generating. Unfortunately, in 1999 many companies closed in DRCongo due to the war and insecurity, including those that were producing Mado’s goods. So her business regressed until 2007 when she re-launched it, offering new types of products. She began selling women’s slippers, vegetable oil, and corn flour.
After learning through her friend about Hope’s loan program, she decided to join one of its groups in May 2008. Mado has already received two loans from Hope that she repaid correctly. Currently, her working capital is about $170. With her next loan she is planning to purchase 28 10kg sacks of corn flour to increase the inventory of her business. Mado’s dream is to do corn and manioc farming and be a provider of those products in her area. She runs her business in the northern and most populated 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
About Congo (Dem. Rep.)
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Success!! The loan was 100% repaid