Ange N., age 40, is married and the mother of six children who are 5 to 18 years old. Five of them are students. Her main business involved three mills. She also sells pure water. She currently has $500 in capital. Ange has diversified her business with the obtained loan. As planned, she bought other goods for resale, such as handbags, undergarments, as well as items for women. She got started in the world of micro-business in 1999 with one mill. From 1999 to 2008, with good managing, hard work, and generated profits, Ange has managed to buy two other mills. These three mills bring in a profit of $130 per month for her. In November 2008, she became a member of one of HOPE’s groups. Her ambition is to open an apparels shop for women. She makes her sales in the northeast part of Kinshasa. Last November, she and her group had just finished repaying their loans completely and on time.
Ange N. a 40 ans, mariée et mère de 6 enfants âgés de 5 à 18 ans. Cinq d’entre eux sont élèves. Elle a comme activité principale 3 moulins, elle vend aussi de l’eau pure. Son capital actuel est de $500. Ange a diversifié son activité avec le prêt reçu. Elle a acheté comme prévu d’autres articles à revendre tels que les sacs à mains, les sous-vêtements ainsi que des pièces pour dames. Ange s’est lancée dans le monde des micros affaires depuis 1999 avec un moulin. De 1999 à 2008, avec une bonne gestion, un dur travail et le bénéfice généré, Ange est parvenue à s’acheter deux autres moulins. Ces trois moulins lui procurent un bénéfice de $ 130 par mois. En novembre 2008, Ange est devenue membre d’un des groupes de Hope. Son ambition est d’ouvrir une boutique d’habillement pour dames. Ange vend dans la partie nord-est de Kinshasa.Ange et son groupe venaient de terminer à payer totalement et à temps les crédits recus au mois de novembre dernier.
About HOPE DRC
HOPE 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.