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IMF HOPE RDC received its license from La Banque Centrale du Congo in July 2004 and has been providing loans to entrepreneurs in the Democratic Republic of Congo since August 2004. During this time, the MFI has expanded from the capital city of Kinshasa to the cities of Kisangani and Lubumbashi. HOPE currently serves over 22,500 active clients in Congo (Oct 2008).
Following a destructive civil war and in a context of continuing political transition, IMF HOPE Congo is one of only a few registered microfinance institutions in DR Congo. IMF HOPE RDC’s commitment to industry best practices and willingness to work in extremely difficult environments have helped it emerge as a microfinance leader in the Congo. With peace at hand and a strong need for microfinance among Congo’s large population of small business owners, IMF HOPE Congo expects continued growth in this country.
IMF HOPE RDC can be contacted via email at drc_kinshasa@hopeinternational.org
Listen to an interview with Peter Greer, President of Hope International, here.
Nate Hulley
Robert Kalala
Robert Kalala
papy mushila
John Soleanicov
Kathy Younker
The Democratic Republic of the Congo > HOPE DRC, a partner of HOPE International
About the Field Partner
About the Field Partner
| Field Partner: | HOPE DRC, a partner of HOPE International |
|---|---|
| Field Partner Risk Rating: | |
| Time On Kiva: | 33 months |
| Kiva Entrepreneurs: | 4248 |
| Total Loans: | $536,500 |
| Delinquency Rate: | 0.00% |
| Default Rate: | 0.00% |
| Currency Exchange Loss Rate: | 0.00% |
| See all loans from this field partner >> |
Kiva Fundraising Status
Kiva Fundraising Status
| Fundraising Status: | Pilot |
|---|---|
See all fundraising loans from this field partner >>
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Other Information Sources
Other Information Sources
IMF HOPE RDC received its license from La Banque Centrale du Congo in July 2004 and has been providing loans to entrepreneurs in the Democratic Republic of Congo since August 2004. During this time, the MFI has expanded from the capital city of Kinshasa to the cities of Kisangani and Lubumbashi. HOPE currently serves over 22,500 active clients in Congo (Oct 2008).
Following a destructive civil war and in a context of continuing political transition, IMF HOPE Congo is one of only a few registered microfinance institutions in DR Congo. IMF HOPE RDC’s commitment to industry best practices and willingness to work in extremely difficult environments have helped it emerge as a microfinance leader in the Congo. With peace at hand and a strong need for microfinance among Congo’s large population of small business owners, IMF HOPE Congo expects continued growth in this country.
IMF HOPE RDC can be contacted via email at drc_kinshasa@hopeinternational.org
Listen to an interview with Peter Greer, President of Hope International, here.
Repayment Performance on Kiva
Repayment Performance on Kiva
| This Field Partner | All Kiva Partners | ||
| Start Date On Kiva | Feb 21, 2007 | Oct 12, 2005 | |
|---|---|---|---|
| Total Loans | $536,500 | $102,173,035 | |
| Amount of Raised Inactive Loans | $0 | $150,250 | |
| Number Of Raised Inactive Loans | 0 | 222 | |
| Amount of Paying Back Loans | $195,075 | $44,906,250 | |
| Number Of Paying Back Loans | 55 | 63,606 | |
| Amount of Ended Loans | $341,425 | $57,116,535 | |
| Number Of Ended Loans | 129 | 83,637 | |
| Delinquency Rate | 0.00% | 4.26% | |
| Amount of Paying Back Loans Delinquent | $2 | $1,913,000 | |
| Amount of Paying Back Loans | $195,075 | $44,906,250 | |
| Number of Paying Back Loans Delinquent | 1 | 6,018 | |
| Default Rate | 0.00% | 1.96% | |
| Amount of Ended Loans Defaulted | $0 | $1,119,957 | |
| Amount of Ended Loans | $341,425 | $57,116,535 | |
| Number Of Ended Loans Defaulted | 0 | 3,369 | |
| Currency Exchange Loss Rate | 0.00% | 0.00% | |
| Amount of Currency Exchange Loss | $0 | $0 | |
| Refund Rate | 0.65% | 1.09% | |
| Amount of Refunded Loans | $3,475 | $1,112,375 | |
| Number Of Refunded Loans | 1 | 1,446 | |
| Updated as of November 22, 2009 1:08 AM | |||
Loan Characteristics On Kiva
Loan Characteristics On Kiva
| This Field Partner | All Kiva Partners | ||
| Loans to Women Entrepreneurs | 66.49% | 78.20% | |
|---|---|---|---|
| Average Loan Size | $127 | $403 | |
| Average Individual Loan Size | $766 | $591 | |
| Average Group Loan Size | $3,611 | $1,494 | |
| Average Number Of Entrepreneurs Per Group | 30 | 0 | |
| Average GDP Per Capita (PPP) in Local Country | $119 | $3,462 | |
| Average Loan Size / GDP Per Capita (PPP) | 2,450.22% | 11.65% | |
| Average Time To Fund A Loan | 1.14 days | 2.27 days | |
| Average Dollars Raised Per Day Per Loan | $111.51 | $177.72 | |
| Average Loan Term | 3.23 months | 9.31 months | |
| Updated as of November 22, 2009 1:08 AM | |||
Journaling Performance on Kiva
Journaling Performance on Kiva
| This Field Partner | All Kiva Partners | ||
| Total Journals | 87 | 51665 | |
|---|---|---|---|
| Journal Coverage | 46.49% | 28.13% | |
| Journal Coverage, Kiva Fellows | 0.00% | 0.21% | |
| Journal Frequency (Average Per Loan Per Year) | 0.50 | 0.32 | |
| Average Number Of Recommendations Per Journal | 16.91 | 10.30 | |
| Updated as of November 22, 2009 1:08 AM | |||
Borrowing Cost Comparison
Borrowing Cost Comparison
| This Field Partner | Median for MFI Peers in Country | All Kiva Partners | ||
| Average Interest Rate and Fees Borrowers Pay (Portfolio Yield) | 73% | 50% | 35.21% | |
|---|---|---|---|---|
| Average Loan Size (% of Per Capita Income) | 69% | 1% | 23.43% | |
| Average Partner Return On Assets | N/A | -8% | 0.24% |
Field Partner Staff
Alanna HeathNate Hulley
Robert Kalala
Robert Kalala
papy mushila
John Soleanicov
Kathy Younker
Country Fast Facts
Country Fast Facts
| Country: The Democratic Republic of the Congo |
| Capital: Kinshasa |
| Official Language: French |
| Population: 63,655,000 |
| Avg Annual Income: $119 |
| Labor Force: No current data |
| Population Below Poverty Line: No current data |
| Literacy Rate: 65.5% |
| Infant Mortality Rate (per 1000): 88.62 deaths |
| Life Expectancy: 51.46 years |
| Currency: United States Dollars |
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