Bikamwa Plus Group
Véronique sells corn and manioc flour. She began her business in 2000. After hard work and good management, she succeeded in making it thrive, thanks to the accumulated profits. Véronique is a trustworthy client of the MFI HOPE RDC, having five times obtained and correctly repaid loans. She will increase her stock of merchandise with her next loan by buying ten 10kg/sacks of corn and manioc flour and reselling them at a profit. Véronique is 60 years old. She is married and the mother of 6 children, whose ages range between 8 and 35 years old. Only one of her children attends school. Her business generates a profit of $35 per week. Véronique’s dream is to open a manioc and corn facility and become a provider in her area.
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