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Resurection Plus Group
In this Group: Mamie, Bonheur, Mado, Hortance, Mado, Gloire, Madeleine, Suzanne, Astrude, Ruth
Mamie, aged 52, is the chairwoman of the Community Bank “Resurrection Plus,” which is composed of 10 members united in solidarity to receive loans from Kiva through the MFI HOPE RDC with the goal of developing their businesses.

Mamie has been active in her business since 1994 selling secondhand clothing. Today, she has diversified it by adding smoked and salted fish at the market located west of the city of Kinshasa. She is a loyal client of the MFI HOPE RDC who has already received eight different loans and has repaid them properly. As the fish demand is high in her community, she intends to use the next loan to increase the fish stock and resell them with the aim of increasing her profits. Each week, her business brings in a profit of $70.

Her ambition is to open a storage facility. Mamie is married and has five children, who are aged between 14 and 32 years old. Three of them go to 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 Resurection Plus Group's $3,725 loan helped a member to increase inventory of her goods by buying fish and reselling them at profit.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jun 14, 2011
Listed
Jun 17, 2011
Currency Exchange Loss:
N/A
Ended:
Nov 15, 2011