Bravo Plus Group
Annie M. is 41 years old. She has been a small-business woman since 1996. She has acquired some solid experience in the field and she is able to manage her business well. She sells beans and plam and vegetable oils in a mountainous district located west of Kinshasa. Annie is a loyal client of IMF Hope RDC (Kiva Field Partner), and the organisation has already disbursed 4 loans in the past, all of which she has repaid on time. Her business has prospered thanks to these loans. Her next loan will be used to resupply her stocks of merchandise, especially with the purchase of beans. Her goal is to increase her revenues and to meet client demands. Annie is married and she is the mother of 5 children, they are aged between 4 and 18 years of age. Four of her kids are going to 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.
About Congo (Dem. Rep.)
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Success!! The loan was 100% repaid