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Mobateli Plus Group
In this Group: Freddy, Kalobwe, Widji, Nicolas, Nzenge, Hortense, Sidila, Pepe, Ditamba, Mpangani, Kembe, Blandine, Arlete, RĂ©gine, Marie
Freddy has been part of the micro-enterprise world since 2008. He runs a telephone booth, sells soft drinks and manages a barber shop to the east of Kinshasa. He has acquired solid experience in these areas and works hard with good management skills in order to realize his dream of one day opening a large drugstore in his environment. He would also like to achieve financial independence through his businesses, which bring in US $50 of profit each week. He works to the best of his abilities and uses his contacts so that he might achieve his goals. Freddy is a trustworthy client of the MFI HOPE RDC, having six times received and correctly repaid loans. He will purchase with his next loan a freezer to sell cold drinks preferred by his customers and increase the profits. Freddy is 32 years old and single.

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
  • 17
    View loans »
    Congo (Dem. Rep.) Loans Fundraising
  • $11,012,600
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Mobateli Plus Group's $4,025 loan helped a member to purchase a freezer in order to sell cold soft drinks.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 22, 2010
Listed
Nov 23, 2010
Currency Exchange Loss:
N/A
Ended:
Apr 15, 2011