Avenir Plus Group
Jennifer is 43 years old, married and has five children between the ages of 7 and 26 and all of them go to school.
Jennifer started her business in 2007 with capital of $50 selling doughnuts. Today, she operates a restaurant which has prospered thanks to HOPE DRC’s loans and her husband’s management support. With the profit of about $10 earned per day, she has increased her working capital. Her restaurant is located in the western area of Kinshasa.
Currently, Jennifer is happy to be part of one of HOPE DRC’s groups. She joined the group in August 2009 and her business has been reinforced through the three loans she received from HOPE DRC which she repaid properly. Her dream is to open a catering service.
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