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Adinofex Plus Group
In this Group: Kinguluta, Bosobi, Hélène, Hélène, Ruffin, Masens, Marie, Esther, Mputu, Rebecca, Elysée, Laurette, Essandjo, Alphonsine, Marie, Masudi, Nzuzi, Justine, Yves, Elysée, Julienne, Akim, Angélique, Josée, Célé
Kinguluta M. is the director of the group “Adinofex Plus” made up of 25 members firmly united to receive loans from the MFI (micro-finance institution) HOPE RDC in order to develop their businesses.
Kinguluta has acquired solid experience by selling cell phones and accessories. She has been in the microenterprise world since 2007. She joined The MFI HOPE DRC in January 2008. With the coming loan, she plans to increase her working capital and be able to buy four cell phones. Her ambition is to become a cell phone and accessory provider in her area. Kinguluta is married and a mother of two daughters aged between 11 and 16 years old. Both girls 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
  • 19
    View loans »
    Congo (Dem. Rep.) Loans Fundraising
  • $11,438,025
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Adinofex Plus Group's $3,100 loan helped a member to purchase four cell phones.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 8, 2010
Listed
Feb 10, 2010
Currency Exchange Loss:
N/A
Ended:
Jul 15, 2010