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Vie Nouvelle Plus Group
In this Group: Dorange, Sophie, Bethy, Adèle, André, Nathalie, Senga, Muhondo, Antho, Bienvenu, Falonne, Anny*, Marie Josée, Albert, Marthine, Eve, Boniface, Jolie, Sylvie*, Kubaki, Christelle, Augustine
* not pictured
"Vie Nouvelle Plus" (New Life Plus) is a group of 22 owners of small businesses chaired by Dorange. Its members are jointly liable for loans granted by Kiva to grow their businesses.

Dorange, single and aged 30, runs a clothing stand while taking care of two relatives. She has been in business for many years. Dorange has used seven Hope loans (a DRCongo Microfinance Program) to finance the expanding of her inventory. Due to the high demand in her community, she intends with the next loan to buy still more goods for resale in order to meet clients' demand and generate additional profit. This will help her to achieve her plans to grow the business. It brings in a profit of US$100 per week.

Dorange’s ambition is to purchase goods abroad herself. She is engaged.

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
  • 5
    View loans »
    Congo (Dem. Rep.) Loans Fundraising
  • $10,220,675
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Vie Nouvelle Plus Group's $3,475 loan helped a member purchasing additional goods for her store for resale at a profit.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 3, 2011
Listed
Feb 16, 2011
Currency Exchange Loss:
N/A
Ended:
Jun 15, 2011