Charlotte L. sells spices, palm oil, and refined vegetable oil, rice, beans, soap, etc... She currently has $227 in capital. Her business generates a profit of $110 per month. She started her business by selling 20 loaves of bread which was equivalent to $2 in 1997. From 1997 to 2002, her capital went from $2 to $100. This amount enabled her to diversify her business by including spices, palm oil, and refined vegetable oil in order to grow her revenues. Charlotte's business has been prospering since 2002.
Wanting to have sustainable financial support through a financial institution for developing her business, she decided to join one of the HOPE groups called "Courage" in February 2008. With the loans received from HOPE, she started by opening a small shop. She works hard to realize her dream of opening a large shop of various goods and to sell fresh staple foods.
Charlotte is 48 years old, married, and the mother of six children, ages 6 to 26. Five of them are students and one is independent.
Charlotte L. vend les épices, l’huile de palme et végétale raffinée, du riz, haricots, savons, etc… son capital actuel totalise $227. Son affaire génère un bénéfice de $110 par mois. Charlotte a commencé son affaire en vendant 20 pains qui équivalaient à $2 en 1997. De 1997 à 2002, son capital est passé de $2 à $100. Ce montant lui permit de diversifier son affaire en ajoutant des épices, l’huile de palme et végétale raffinée afin de croitre son revenu. L’affaire de Charlotte a prospéré de 2002 jusqu’à ce jour. Dans le souci d’avoir un soutien financier durable par une institution financière pour développer son affaire, Charlotte a décidé d’intégrer un des groupes de Hope dénommé « Courage » en février 2008. Avec les crédits reçus de Hope, elle a commencé à ouvrir une petite boutique. Charlotte travaille durement pour réaliser son rêve d’ouvrir une grande boutique d’articles divers et vendre les vivres frais. Charlotte a 48 ans, mariée et mère de 6 enfants âgés de 6 à 26 ans dont 5 sont élèves et une seule est indépendante.
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.