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Orchidée Plus Group
In this Group: Alain, Dénise, Olga, Lili, Mazandu, Pétronie, Mutondo, Madeleine, Sophie, Elysée, Jeannette, Naomie, Annette, Pauline, Agnès, Micho, Marie, Marie, Mimi, Jean, Thérèse, Aimé, Nathalie, Mimie, Nico, Gilbert, Wivine, Rose, Hélène, Monfo, Anne, Hélène, Nadine
Orchidée Plus is a Community Bank of 33 owners of small businesses chaired by Alain. Its members are jointly liable for loans granted by Kiva through the MFI HOPE DRCongo to grow their businesses.

Alain, 33 and single, is a photographer. He became a microentrepreneur in 2007. Alain has already received two loans from Microfinance Institution HOPE DRC and fully repaid them. He intends to use the next loan to purchase camera accessories to resell in order to reinforce working capital. Currently he earns a profit of $30 a week.

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.)

  • $119
    Average annual income
  • 5
    View loans »
    Congo (Dem. Rep.) Loans Fundraising
  • $10,380,525
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Orchidée Plus Group's $4,400 loan helped a member to purchase camera accessories to resell in order to reinforce working capital.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 1, 2009
Listed
Dec 11, 2009
Currency Exchange Loss:
N/A
Ended:
Apr 15, 2010