Check out some available loans that are similar to this one!
Banungi Plus Group
In this Group: Jean-Pierre, Robert, Eulalie, Julienne, Didine, Kinsiona, Ntoya, Dénise, Mamie, Véronique, Nkoni, Omer, Odette, Clément, Richard, Yala
Jean-Pierre is the leader of the Community Bank named “Banungi Plus”, which consists of 16 members united in solidarity to receive loans from Kiva through MFI HOPE RDC with the goal of developing their businesses.

Jean-Pierre sells pairs of shoes, slippers, etc. for women at the market located east of Kinshasa. He started his business in 2009. With hard work and determination, his business has prospered. He has already received six MFI HOPE DRC loans and fully repaid them. The loans he has received have helped him support his family. He makes $80 profit each week.

Jean-Pierre intends with the next loan to purchase more pairs of shoes needed by his customers and generate additional profits. His ambition is to someday open a shoe shop in his area. He is 52 years old, married, and is the father of six children whose ages vary between 8 and 16. Three of them attend school. He also takes care of his nephew.

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 Banungi Plus Group's $4,850 loan helped a member to buy shoes for resale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 15, 2010
Listed
Nov 18, 2010
Currency Exchange Loss:
N/A
Ended:
Apr 15, 2011