Moïse Plus Group
Emmanuel sells sacks of charcoal in his area located in the north eastern suburban part of Kinshasa. He began his business in 2004. After hard work and good management, he succeeded in making it thrive thanks to the accumulated profits. He is a loyal client of HOPE RDC who has already received two different loans and has repaid them properly. He intends to reinforce the working capital with the next loan by buying ten charcoal sacks to resell at a profit as people do not have power and hot plates in this area. The business gives him a profit of US$30 every week. Emmanuel is 32 years old, married and the father of four children whose ages vary between 1 and 9 years old. Two of them attend school. His ambition is to change his business by opening a general store.
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