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Bikamwa Plus Group
In this Group: Yvon, Léontine, Kany, Véronique, Felly, Elysée, Futi, Marceline, Albertine, Louise, Pauline, Marie Louise, Mireille, Florence, Nadine, Lutshia, Serge, Josée, Béatrice, Jolie, Marceline, Paul, Jeanne, Sophie, André, Placide, Kapinga, Marie-Jeanne
Yvon P., age 44, is the leader of the “Bikamwa Plus” community bank, which is composed of 28 members united in solidarity to receive loans from Kiva through HOPE RDC to develop their businesses. Yvon is married and has three children between 1 and 11 years old. Only one goes to school.

Yvon started his business in 1990 with $50 of initial capital. He manages his business in the western part of Kinshasa. He is a loyal client of HOPE RDC who has already received four different loans and has repaid them properly. He intends to use the next loan to buy three 25 kgs/cartons of meat to resell so he can increase his profits. Each day, his business brings in a profit of $5.

His ambition is to open a cold storage facility.

Additional Information

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.

About Congo (Dem. Rep.)

  • $700
    Average annual income
  • 17
    View loans »
    Congo (Dem. Rep.) Loans Fundraising
  • $11,450,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Bikamwa Plus Group's $2,725 loan helped a member to purchase three 25 kgs/cartons of meat to resell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 26, 2009
Listed
Dec 8, 2009
Currency Exchange Loss:
N/A
Ended:
Apr 15, 2010