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Boyambi Plus Group
In this Group: Charlotte, Simon, Guy, Nicole, Christine, Pauline, Marie, Annie, Chantal, Eliezer, Jolie, Patience, Jacquie, Pauline, Mélanie, Lydie, Patrick, Angélique, Christian
Boyambi Plus is a Community Bank of 19 owners of small businesses, chaired by Charlotte. Its members are jointly liable for loans granted by Kiva through the MFI HOPE DR Congo to grow their businesses.

Charlotte, 53 years old, is divorced and sells plates, and carrots, and spices. She started her business in 2004. Today, Charlotte is happy to be one of Microfinance Institution HOPE DRC’s clients.

She intends to use the next loan to purchase some more plates and carrots and spices to resell in order to reinforce her working capital. Currently, she earns a profit of $40 per week. Charlotte’s ambition is to open a store in her area. She is the mother of seven children whose ages vary between 16 and 31 years. All 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.)

  • $700
    Average annual income
  • 10
    View loans »
    Congo (Dem. Rep.) Loans Fundraising
  • $11,618,125
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Boyambi Plus Group's $2,850 loan helped a member to purchase some plates and some carrots and spices to resell in order to reinforce her working capital.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 2, 2011
Listed
Aug 25, 2011
Currency Exchange Loss:
N/A
Ended:
Dec 15, 2011