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Abraham Plus Group
In this Group: Alain - Réné, Jerome, Soleil, Kiteba, Gisèle, Paola, Anastasie, Wemba, Marie, Alphonsine, Agnès, Anne*, Victorine, Clautilde, Patou, Hugo, Brigitte*, Lepetit, Anny, Cédrick, Stéphanie, Pauline, Fifi, Ngalula, Toteni, Victorine, Prosper
* not pictured
“Abraham Plus” is a group of 27 owners of small businesses chaired by Alain. Its members are jointly liable for loans granted by Kiva to grow their businesses.

Alain sells packaging in the north and most populated area of Kinshasa. He became a micro-entrepreneur in 2008. He already received five loans from the microfinance institution HOPE DRC and fully repaid them.

He intends to use this loan to expand his inventory. He will buy some packaging to resell at a profit. Currently he earns a profit of $70 per week.

Alain is 34 years old and single.

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
  • 0
    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 Abraham Plus Group's $4,475 loan helped a member purchasing some packaging to resell in order to increase his working capital.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 16, 2010
Listed
Mar 11, 2010
Currency Exchange Loss:
N/A
Ended:
Jul 15, 2010