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Botosi Plus Group
In this Group: Rose , Lucie, Willy, Marie, Chantal*, Mimi, Bienvenu, Elisée, Anani, Sayi*, Kethy, Thérèse, Christine, Nganga, Lucie*, Thérèse, Pauline, Elisée, John, Vicky, Louise*, Maguy, Passy, Bobette, Charlotte, Jolie, Marceline, Germaine, Mireille
* not pictured
Botosi Plus is a Community Bank made up of 29 members whose chairwoman is Rose M.. These members are united for the same goal- to grow their businesses by loans received from Kiva through MFI HOPE DRC.

Rose sells mushrooms, peanuts and caterpillars. She began her business in 1980. After hard work and good management, she succeeded in making her business thrive thanks to her accumulated profits and different loans she received from HOPE DRC. Rose is a trustworthy client of the MFI HOPE DRC, having obtained and correctly repaid 9 loans. She will increase her stock of her goods with her next loan by buying mushrooms, peanuts and caterpillars and reselling them at profit. Her business brings in 50 USD of profit each week. Her dream is to someday open a general store in her environment. Rose is 51 years old, widowed, and the mother of 6 children, whose ages vary between 12 and 30 years old. Four of them attend 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
  • 13
    View loans »
    Congo (Dem. Rep.) Loans Fundraising
  • $10,594,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Botosi Plus Group's $4,125 loan helped a member to increase the stock of mushrooms, peanuts and caterpillars.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 14, 2011
Listed
Apr 21, 2011
Currency Exchange Loss:
N/A
Ended:
Sep 24, 2011