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Cité De La Gloire Plus Group
In this Group: Huguettes, Sylvie, Daddy, Béa, Baba, Yuya, Lelo, Bebe, Suzanne, Julie*, Clothaire, Nkiambi, Flora, Isabelle*, Eve, Kala, Kikela, Mabongo, Masaka*, Matondo, Mamie, Rose, Mamitha, Nkieye, Thérèse, Sandra
* not pictured
Huguettes’s main business is selling vegetables in a market to the west of Kinshasa. She earns $480 per month. Since 1994, she has acquired solid experience in this area and works hard with good management skills in order to realize her dream of one day becoming a vegetable provider in her community. She would also like to achieve financial independence through her business. She works to the best of her abilities and uses her contacts so that she might achieve her goals.

Huguettes is a trustworthy client of the MFI (Micro-Finance Institution) HOPE RDC, having five times obtained and correctly repaid loans. She will increase her stock of products with her next loan by buying vegetables and reselling them at a profit.

Huguettes is the director of the group “Cité de la Gloire Plus” made up of 26 members firmly united to receive loans from the MFI HOPE RDC in order to develop their businesses.

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
  • 6
    View loans »
    Congo (Dem. Rep.) Loans Fundraising
  • $11,635,975
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Cité De La Gloire Plus Group's $3,025 loan helped a member to increase the inventory of her business in order to reinforce the working capital.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 23, 2010
Listed
Mar 26, 2010
Currency Exchange Loss:
N/A
Ended:
Sep 15, 2010