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Génèse Plus Group
In this Group: Didier, Julienne, Ludovic, Marie, Ida, Jeanne, Joséphine, François, Simon, Hugues, Papy, Guylaine, Ndongo, Mayamba, Mbueno, Landu, Malalu, Levo, Kambire, Kamalandwa, Booto, Ndoko, Biuma, Mbasi, Yowa, Matika
Didier K. is the president of the Community Bank called “Génèse Plus”. The group is composed of twenty-six members who are united in solidarity to receive loans from Kiva through micro-finance institute HOPE DRC with the goal of developing their businesses.

Didier runs a telephone booth to the west of Kinshasa. He began his business in 2000 with beginning capital of $50. With hard work and determination, his business has prospered. Didier is now well-known and liked in this new area.

Didier is a trustworthy client who has received loans five times from HOPE DRC and has fully repaid them. Since that time his business has prospered and the loans he has received have helped him rent a well-located business place. He makes $90 profit each week.

Didier intends, with this next loan, to purchase more prepaid cards to meet his customers’ demands and to generate additional profits.

Didier is 50 years old, married, and the father of six children aged between 4 and 19 of whom six go to school. His ambition is to open a pharmacy in his area.

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
  • 7
    View loans »
    Congo (Dem. Rep.) Loans Fundraising
  • $10,200,875
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Génèse Plus Group's $3,900 loan helped a member to buy more prepaid cellphone cards.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 25, 2010
Listed
Apr 3, 2010
Currency Exchange Loss:
N/A
Ended:
Aug 15, 2010