- Congo (Dem. Rep.)FoodFunding via Programme d'Appui aux Initiatives de Développement Economique au Kivu (PAIDEK)
- Congo (Dem. Rep.)RetailFunding via Hekima, a partner of World Relief
- Congo (Dem. Rep.)ClothingFunding via Programme d'Appui aux Initiatives de Développement Economique au Kivu (PAIDEK)
Progrès Plus Group
Rose, 35, is married. She is a beautician and runs a sewing workshop. She has been in business for many years. She has been operating her business in the western part of Kinshasa. With hard work and good management, and thanks to Hope’s loans, her business has prospered. She makes a profit of about $45 per week.
Rose’s ambition is to open a hair salon. As she wants to develop her business, she then decided to join one of Hope’s groups in 2009. She is planning to purchase fabrics and cosmetics for her workshop with the next loan. Rose has succeeded with good strategies to build up permanent customers. She always charges her customers fair prices, she knows them well by their names, and she never runs out of stock.
Rose has five children whose ages are between 3 and 11years old. Three of them attend 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