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Arc-En-Ciel Plus Group
In this Group: Godet, Jacquie, Makiese, Naku, Annie, Matondo, Pascal, Mohamed, Angel, Charlotte, Angel, Henriette, Barli, Jeanne
Godet is the leader of the community bank named “Arc-En-Ciel Plus” ("Rainbow" in English), which consists of 14 members, who are jointly united for receiving loans from Kiva and HOPE DRC in order to develop their businesses.

Godet has been a microentrepreneur since 2008, selling shoes in the western part of Kinshasa. He joined one of Hope’s groups in 2009 and the eight loans received from Hope have strengthened his business. He is planning to use the next loan to diversify his business and increase profit by adding more shoes to resell at profit. Currently, Godet’s business makes a weekly profit of about $120. He is ambitious and dreams someday to open a general shop. Godet is 37 years old and married, with no children. He likes his business because it has stabilized him financially.

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
  • 6
    View loans »
    Congo (Dem. Rep.) Loans Fundraising
  • $10,517,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Arc-En-Ciel Plus Group's $4,200 loan helped a member to purchase shoes.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 14, 2011
Listed
Feb 16, 2011
Currency Exchange Loss:
N/A
Ended:
Jul 15, 2011