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Aide Plus Group
In this Group: André, Julienne, Bola, André, Amboko, Bomve, José, Germaine, M. Louise, Bébé, Rosalie, Néné
Aide Plus is a community bank of 12 owners of small businesses chaired by André. Its members are jointly liable for loans granted by Kiva through the MFI HOPE DRCongo to grow their businesses.

André, 45, is married. He sells loaves of bread in his area. He became a micro-entrepreneur in 2009. André is loyal client who received already seven loans from the microfinance institution HOPE DRC and fully repaid them. He intends to use the next loan to purchase some more baskets of loaves of bread to resell in order to reinforce his working capital. Currently, he earns a profit of $75 a week. His ambition is to open a bakery in his environment. André has six children whose ages vary between 2 and 15 years old.

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
  • 15
    View loans »
    Congo (Dem. Rep.) Loans Fundraising
  • $11,640,525
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Aide Plus Group's $3,875 loan helped a member to increase the inventory of his business by purchasing some more baskets of loaves of bread to resell in order to reinforce his working capital.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 20, 2011
Listed
May 26, 2011
Currency Exchange Loss:
N/A
Ended:
Oct 15, 2011