Développement Plus Group
Henri has been a micro entrepreneur since 2000. He sells vehicle spare parts in the southwestern part of Kinshasa. He joined one Hope’s groups in 2010. Seven loans received from Hope have strengthened his business. He is planning with the next loan to increase his inventory by adding some vehicle spares pieces to resell at profit. Currently, Henri’s business makes about $200 of profit per month.
Henri is ambitious and dreams someday to open a spare parts shop. Henri is 46 years old, married, and the father of five children. Their ages vary between 2 and 18 years. All 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