Réhoboth Plus Group
After her convalescence, in 2000, she decided to undertake a different type of business, selling beauty products for women. Since she had acquired so much experience in business management over the years, Chantal was able to accumulate a personal capital of US$ 500 by 2006, which allowed her to open a little factory for pure drinking water that she maintains up to today.
In view of her dream of one day opening a big factory making drinking water so as to serve the population of her neighborhood, which has great need of this product, she decided in December of 2007 to join one of the groups of Hope RDC called « Réhoboth Plus » with the goal of increasing her business's financial base. Chantal is a faithful client of Hope and has received several loans, reimbursing them completely and in a timely manner.
The loan she has received in this month of June allowed her to buy 1000 packages of bags of pure water so as to satisfy the needs of her customers and thus increase her profit. Presently, her personal capital is more than US$ 500. Her business generates $40 in profit per week. Chantal is a 41-year-old woman, married and the mother of 12 children from 4 to 24 years of age. Eleven of them are enrolled in school.
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
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.
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Success!! The loan was 100% repaid