Rosalie has been in business since 2003. She used to be a teacher. After she had kidney surgery in 2001, she decided to change her career. She then began selling soft drinks. She started with a very small and limited business -- two crates of soft drinks. But with her courage and determination, and the profit generated by her business, Rosalie worked harder and managed her business more efficiently to increase her stock. Rosalie has been a faithful client of HOPE (Kiva's Field Partner) since August 2007. She has paid back regularly and completely since receiving her first loan. With her next loan, Rosalie is planning to purchase a freezer and to diversify her business by selling jewelry. Rosalie is 49 years old. She is divorced and the mother of four children. In addition to providing for her children, she also takes care of her niece. Rosalie likes her business, and she spends most of her time talking to her different clients.
About HOPE DRC
HOPE 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.