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Main Dans La Main Plus Group
In this Group: Freddy, Kibasose, Brigitte, Thérèse, Jeanne, Cathy, Fils, Alphonsine, Yvonne, Honorine, José
Freddy, aged 38 and single, is the chairman of the Community Bank named “Main dans la Main Plus”, which is composed of 11 members united in solidarity to receive loans from Kiva through MFI HOPE RDC with the goal of developing their businesses.

Freddy runs a cellphone booth. He has been in business since 2007. He manages his cellphone booth in his area located mid-west of the city of Kinshasa. He is a loyal client of IMF HOPE RDC and has already received twelve different loans and has repaid them properly. He intends to use the next loan to buy some more prepaid cards to resell, with the aim of increasing his profits. Each week, his business brings in a profit of about US$40.
His ambition is to open a general store.

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
  • 13
    View loans »
    Congo (Dem. Rep.) Loans Fundraising
  • $10,594,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Main Dans La Main Plus Group's $2,175 loan helped a member to purchase some more prepaid cards to resell.
100% repaid
Repayment Term
4 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 3, 2011
Listed
Aug 25, 2011
Currency Exchange Loss:
N/A
Ended:
Nov 15, 2011