Kiki N. was trained as an esthetician. She lives in a central neighbourhood of Kinshasa where she has been in business since 1995. Her first business, from 1995 to 1999, was a restaurant which she opened with $150 in startup capital. This business became a beauty salon in 1999 because of her health. The beauty salon did well between 1999 and 2003 because of her speciality. Since 2003, Kiki has diversified her business: she has added women's clothing in order to increase her income. She sells "pagnes" (colourful cloth worn by women and wrapped like a sarong), dresses and so on. In order to reach her goal o fopening a boutique selling imported clothing for men and women, Kiki decided in July 2008 to join one of the groups, "Lisala", of the MFI Hope. She has already received two loans which were repaid on time and in full. The loan which she received in April allowed her to buy "pagnes" and ladies' shoes in order to bolster her business. Currently, her capital is $400. Her business generates a profit of $60 a week. Kiki is 44 years old, single, and the mother of a 16-year-old girl who attends school.
Kiki N. est esthéticienne de formation. Elle habite dans un quartier au centre de Kinshasa où elle exerce ses activités commerciales depuis 1995. Sa première activité de 1995 -1999 fut le restaurant qu’elle ouvrit avec un capital initial de $150 qui se transforma en salon de coiffure en 1999 suite à son état de santé. Le salon de coiffure a bien évolué de 1999-2003 suite à sa spécialité. De 2003 jusqu’à ce jour, Kiki a diversifié son affaire en y ajoutant l’habillement dame dans le but d’accroitre le revenu. Elle vend des pagnes, des chaussures dames, robes, etc… Dans le souci de réaliser son ambition d’ouvrir un jour un magasin d’habillement importé mixte, Kiki a décidé d’intégrer un des groupes de l’IMF Hope dénommé « Lisala » en juillet 2008. Elle y a obtenu deux fois le crédit qu’elle a remboursé régulièrement et totalement. Le crédit qu’elle a reçu ce mois d’avril lui a permis d’acheter des pagnes et des chaussures dames en vue de renforcer de son affaire. Actuellement, son capital est de $400. Son activité génère un bénéfice de $60 par semaine. Kiki a 44 ans d’âge, célibataire et mère d’une fille âgée de 16 ans qui est élève.
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.