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Aggée Plus Group
In this Group: Ernest, Lyly, Lupini, Bolenge, Papy, Lema, Odette, Maguy, Adrienne, Bernadette, Yafu, Ndandani, Elisa, Sylvie, Nana, Marie Michel, Claudine
Ernest, aged 64, is the leader of the Community Bank named “Aggée Plus,” which is composed of 17 members united in solidarity to receive loans from the MFI (micro-finance institution) HOPE RDC in order to develop their businesses.

Ernest runs a pharmacy in the mid-eastern area of Kinshasa. He started his business in 2007. He intends to use the next loan to buy more medicine needed by his customers in his area, to resell with the aim of increasing his profits. Each week, his business brings in a profit of $120.

His ambition is to expand his business by opening other drug stores in different places. Ernest is married and has eight children, who are aged between 21 and 38 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.)

  • $119
    Average annual income
  • 11
    View loans »
    Congo (Dem. Rep.) Loans Fundraising
  • $10,955,850
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Aggée Plus Group's $2,725 loan helped a member to purchase antibiotic products needed by his customers.
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