When the landlord decided to sell the place where Jeanine used to rent, she had to move her business somewhere else, but the business did not make enough profit as it did at the previous location. In 2007, with $600 as working capital, Jeanine decided to change the business. She started selling bananas. She liked that business because it was making $110 of profit per week. She opened a banana store, buying them in Lower Congo province and selling them in Kinshasa. Although the business was profitable, Jeanine’s health was deteriorating due to painful and hard work which caused her to fall sick often. She began suffering from backache and other medical problems. As she had already acquired solid experience in her general boutique, she and her family decided to change the business by re-launching it in January 2008, in a different business area. In September 2008, Jeanine joined one of Hope’s groups called “Lokumu”. With the loan she received from Hope, she bought packaging materials that are needed in the area. Her business makes $210 of profit per month. Currently, her working capital is $1100.
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