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Lavodi Plus Group
In this Group: Franck, Charles, Véro, Sophie, Dede, Dorothe, July, Julienne, Sisca, Victorine, Guillaume, Juge, Matho, Kivumu, Blanche, Marie Josée, Emilie, Olga, Pitshou, Mymy, Lukunga , Lusanu, Evelyne, Elysée, Nsimba, Brigitte, Marie, Zacharie, Elysée
Lavodi Plus is a community bank of twenty-nine owners of small businesses. It is chaired by Franck O.. Its members are jointly liable for loans granted by Kiva through HOPE DRC to grow their businesses.

Franck, 31, became a micro-entrepreneur in 2007 and runs a booth selling phone accessories. Currently he earns a profit of $25 a day. His dream is to open a boutique in his area.

Franck has already received four loans from HOPE DRC and has fully repaid them. He intends to use this loan to reinforce his working capital in order to purchase more phone accessories to sell.

Franck is married and has two children, 6 and 8 years old. Both go to school.

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
  • 8
    View loans »
    Congo (Dem. Rep.) Loans Fundraising
  • $11,635,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Lavodi Plus Group's $3,550 loan helped a member to purchase more phone accessories to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 30, 2009
Listed
Jan 19, 2010
Currency Exchange Loss:
N/A
Ended:
May 15, 2010