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Maisha Plus Group
In this Group: Albert, Clémentine, Julienne, Réné, Aimérance, Honorine, Alpha, Lucie, Alphonsine, Claudine, Ntinu, Pululu, Brigitte, Berliche, Rigen, Martine, Feliane
Albert O. is the manager of the group “Maisha Plus” made up of 17 members who have firmly united to receive loans from the micro-finance institution HOPE RDC in order to develop their businesses. Albert O. runs a drugstore in the western surburb of Kinshasa. He started his business in 2005. With hard work, good management and Hope’s loans, his business has prospered. He is a loyal client of the MFI HOPE RDC and has already received six loans -- all of them repaid properly. Albert intends to use the next loan to buy medicine needed by his customers, and add to his working capital. Each week, his business brings in a profit of $60. His ambition is to expand his business by opening drugstores in other places. Albert is 36 years old, married and the father of a one-year-old-child.

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
  • 10
    View loans »
    Congo (Dem. Rep.) Loans Fundraising
  • $10,485,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Maisha Plus Group's $4,000 loan helped a member to purchase medicine needed by his customers.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 19, 2010
Listed
Aug 25, 2010
Currency Exchange Loss:
N/A
Ended:
Jan 15, 2011