Romains 10:13 Plus Group
She is the chairwoman of the group named “Romains 10:13 Plus,” made up of 26 members firmly united to receive loans from the micro-finance institution HOPE RDC in order to develop their businesses.
Genevieve’s main business is sewing. She also sells drinks in her area. She has been a micro entrepreneur since 1990. Each week, her business generates a profit of $100. She likes her business and she is working hard to achieve her goal of one day opening a pastry shop.
She is a loyal client of the HOPE RDC who has already received eight loans and has repaid them properly.
She intends to use the next loan to purchase a new sewing machine in order to sew more items to sell and increase her profits.
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