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Lisungi Plus Group
In this Group: Anne, Louise, Ayenia, Mbuyi, Godelive, Monique, Chantal, André, Françoise, Christine, Marie, Membe, Charlotte, Julienne, Mvemba, Dahlia, Dora, Asthana, Mbuyu
Anne M. aged 58, is the manager of a Community Bank named “Lisungi Plus” which means “Assistance” in English. It is composed of 19 members united in solidarity for receiving Kiva loans with the goal of developing their businesses.

Anne has been a part of the micro-enterprise world since 1991. She started selling shikwanges (Congolese food)beginning with a capital of $100. She has been with Hope since October 2008. Progressively, her business has prospered thanks to accumulated profit and good management.

The loan she’ll obtain next will be used to buy some sacks of manioc to produce shikwanges and sell them with the goal of increasing her profits. Her business generates a profit of $50 per week. Anne’s ambition is to open a general store. She is a widow and a mother of nine children between the ages 18 and 34. One of them attends 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
  • 17
    View loans »
    Congo (Dem. Rep.) Loans Fundraising
  • $11,440,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Lisungi Plus Group's $4,250 loan helped a member to purchase some sacks of manioc to produce shikwanges (Congolese food) and sell them at profit.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 27, 2010
Listed
Sep 28, 2010
Currency Exchange Loss:
N/A
Ended:
Feb 17, 2011