Lisanga Plus Group
Dodo’s main activity is to sell second-hand clothing in her area located east of Kinshasa. She started her business in 1986 with US$50 in capital. She has acquired solid experience in this business. Having repaid her sixteen previous loans from the MFI HOPE DRC, she intends with the next loan to buy a bundle of used clothing and resell it at profit. Currently, Dodo makes a profit of US$60 per week. Her ambition is to someday open a clothing boutique in her environment. She is married and has four children aged 14 to 31. Two of them attend school. She also takes care of other three grandchildren.
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