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Matondo Plus Group
In this Group: Suzanne, Kapala, Gode, Luyeye, Jonas, Claris, Evariste, Sophie, Jacquie, Philo, Eric
Suzanne is the leader of the Community Bank named “Matondo Plus". It is composed of 11 members united in solidarity to receive Kiva loans with the goal of developing their businesses.

Suzanne is 55 years old and single. She is a mother of four children aged between 7 and 26 years old. She sells miscellaneous goods. She has been active in her business since 1987. She began her business selling second-hand clothing. She joined one of Hope’s groups (a DRCongo Microfinance Program) in 2009, and has received seven loans.

Thanks to Hope’s loans, Suzanne’s business has prospered and it generates a profit of $60 per week. Suzanne intends with the next loan to buy more goods to resell at a profit in order to increase her capital. Her ambition is to open a larger store in her area. She works hard in order to achieve her dream.

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
  • 13
    View loans »
    Congo (Dem. Rep.) Loans Fundraising
  • $11,268,100
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Matondo Plus Group's $3,950 loan helped a member increasing her stock to resell at a profit.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Feb 24, 2011
Listed
Mar 7, 2011
Currency Exchange Loss:
N/A
Ended:
Jul 27, 2013