Paix Plus Group
Evelyne is 30 years old and is the mother of five children, three of whom go to school. She sells loaves of bread and has been in business since 2007. She started with capital of $50 and, currently, her business brings in a benefit of $60 per week.
After learning through her friend about HOPE’s loan program, Evelyne decided to join one of its groups in November 2008. She has already received five loans from HOPE that she repaid correctly. With her next loan she is planning to purchase more bags of loaves of bread to increase the inventory of her business.
Evelyne’s dream is to be a provider of these products in her area. She runs her business in the south-western area of Kinshasa.
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