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Maisha Plus Group
In this Group: Albert, Julienne, Réné, Aimérance, Honorine, Alpha, Lucie, Alphonsine, Claudine, Pululu, Brigitte, Berliche, Martine, Feliane
Albert O., aged 36, is the leader of the community bank named “Maisha Plus”, which is composed of 14 members united in solidarity to receive loans from the MFI HOPE DRC in order to develop their businesses.

Albert started his business in 2000 selling miscellaneous items. He now operates a drugstore in the mid-eastern part of Kinshasa. He is a loyal client of HOPE DRC, having already received seven different loans and repaid them properly. Albert intends to use the next loan to buy more medicine needed by his customers and to resell them to increase his profits. Albert's business brings in a weekly profit of $40. His ambition is to expand his business by opening a medical center. Albert has two children, 1 week old and 18 months old.

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
  • 15
    View loans »
    Congo (Dem. Rep.) Loans Fundraising
  • $11,640,525
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Maisha Plus Group's $3,675 loan helped a member to purchase medicine.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 10, 2011
Listed
Feb 16, 2011
Currency Exchange Loss:
N/A
Ended:
Jul 15, 2011