Check out some available loans that are similar to this one!
Echangeur Plus Group
In this Group: Mbula, Angélique, Julie, Bondoki, Ilunga, Joseph, Bibonda, Asie, Tshilanda, Léon
Mbula is the president of the Community Bank named “Echangeur Plus”, which is composed of 10 members united in solidarity to receive loans from Kiva through MFI HOPE RDC with the goal of developing their businesses.

Mbula’s main business is selling appliances in the eastern area of the city of Kinshasa. He has been in the micro enterprise world for years and has acquired solid experience in this area. With hard work and determination, his business has prospered. Mbula is now well-known and liked in this area. He has already received MFI HOPE DRC loans ten times and fully repaid them. He makes $80 profit each week. He intends with the next loan to increase the stock of his goods to meet customer demand and generate additional profits. His ambition is to become an appliance provider in his area. He is 38 years old and married without children. He takes care of a nephew and a niece.

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
  • 7
    View loans »
    Congo (Dem. Rep.) Loans Fundraising
  • $11,602,875
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Echangeur Plus Group's $4,000 loan helped a member to increase his stock of goods and generate additional profit.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 22, 2011
Listed
Jul 4, 2011
Currency Exchange Loss:
N/A
Ended:
Nov 15, 2011