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Fidélité Plus Group
In this Group: Jean, Isabelle, Jeanette, Alidia, Bibi, Gode, Osho, Jacqueline, Yvonne , Chantal, Jacky, Okoko, Christine, Bongo
Fidélité Plus is a 14-member loan group that is lead by a man named Jean. The members of this loan group are jointly liable for loans issued to them by Kiva to grow their businesses.

Jean is married, 48 years old and operates a general store in eastern Kinshasa. He started his business in 2001 by selling palm oil and has used five loans from Hope (a Democratic Republic of Congo microfinance program) to buy more items to sell to his customers. Because demand for his products is high, he will use his portion of this group loan to buy more items to sell to his customers and continue expanding his business. He earns about $240 a week and devotes most of his income to meet the needs of his eight children, who range in age from 9 and 24 years old. All of them are currently enrolled in school.

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
  • 0
    View loans »
    Congo (Dem. Rep.) Loans Fundraising
  • $10,380,525
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Fidélité Plus Group's $4,500 loan helped a member to expand 14 small businesses.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 23, 2011
Listed
Mar 26, 2011
Currency Exchange Loss:
N/A
Ended:
Aug 15, 2011