Baptisseurs Plus Group
JP, 52 and married, has been part of the micro-enterprise world since 1994. He operates a general store to the mid-west of Kinshasa. He has acquired solid experience in this area, and he works hard and uses good management skills to realize his dream of one day opening a drugstore in Kinshasa. He would also like to achieve financial independence through his business, which currently earns him $300 per month. He works to the best of his abilities and uses his contacts so that he might achieve his goals.
JP is a trustworthy client of the MFI HOPE RDC, having ten times obtained and correctly repaid loans. He will increase his stock of merchandise with his next loan by buying cans, sacks of sugar, and milk and reselling them at a profit. JP has eight children aged between three and 23 years old. Six 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