- Congo (Dem. Rep.)ClothingFunding via Programme d'Appui aux Initiatives de Développement Economique au Kivu (PAIDEK)
- Congo (Dem. Rep.)RetailFunding via Programme d'Appui aux Initiatives de Développement Economique au Kivu (PAIDEK)
- RwandaFoodFunding via VisionFund Rwanda
Force Plus Group
Kisita started her business in 1971, selling corn and cassava flour. Today, she operates a restaurant. She is 51 years old, married and has seven children between the ages of 27 and 32. From 2002 to 2004, her restaurant prospered thanks to good management and accumulated profits. Today, her business makes about $65 per week. Currently, Kisita is happy to be part of one of Hope’s groups. With this loan, she is planning to reinforce the inventory of her restaurant by buying flour, beans and charcoal in order to increase her profit. Her ambition is to someday open a charcoal facility in her area. She sells in the mid-eastern 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