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Motema Mpiko Plus Group
In this Group: Mayele, Hélène, Matondo, Placide, Mazingu, Eric*, Madeleine, Noël, Viviane*, Mandunda, Musenga, Mawusu*, Katandu, Kumba, Matondo
* not pictured
Mayele is the leader of the group named “Motema Mpiko Plus” made up of 15 members firmly united to receive loans from Kiva's partner, HOPE RDC, in order to develop their businesses. Mayele is 36 years old, married and has two children between the ages of 2 months and 5 years old. One of them attends school. Mayele sells shoes in his town, located southwest of Kinshasa. He has been in business since 2003. He has acquired solid experience in this area and works hard with good management skills to achieve his dream of one day opening a shoe shop.

He would also like to achieve financial independence through his business that earns about $100 per week. He works to the best of his abilities and uses his contacts so that he might achieve his goals. Mayele is a trustworthy client of HOPE RDC, having five times obtained and timely repaid loans. He will increase his stock of products with his next loan by buying more shoes and reselling them at a profit.

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
  • 17
    View loans »
    Congo (Dem. Rep.) Loans Fundraising
  • $11,450,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Motema Mpiko Plus Group's $4,800 loan helped a member to increase his stock of shoes and resell them at a profit.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 16, 2011
Listed
Feb 24, 2011
Currency Exchange Loss:
N/A
Ended:
Jul 15, 2011