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Mapendo Plus Group
In this Group: Sylvie, Florine, Godelive, Mukasi, Claude, Antho, Philippe, Sophie, Marie Salome, Yode, Esther, Bop, Bonkena
Sylvie is a chairwoman of a community bank named “Mapendo Plus.” The group is composed of 13 microentrepreneurs who are jointly united to receive loans from Kiva through MFI HOPE DRC, with the goal of developing their businesses.
Sylvie has been in business since 1980 with a starting capital of $80. Today, she operates a restaurant. She is 33 years old, married and has five children between the ages of seven months and 16 years old. All of them go to school. Her restaurant prospered thanks to HOPE’s loans. She makes a profit of about $30 per day. With the next loan, Sylvie intends to increase the inventory of the restaurant by purchasing one sack of corn flour, one sack of manioc flour, five liters of vegetable oil, and two bags of salted fish in order to increase her working capital. Currently, she is happy to be part of one of MFI HOPE’s groups. She joined in 2009 and her business has been strengthened through the nine loans she has received from MFI HOPE DRC. She repaid them all properly. Her dream is to someday open a catering service. Her restaurant is located in the western area of Kinshasa.

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
  • 17
    View loans »
    Congo (Dem. Rep.) Loans Fundraising
  • $11,012,600
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Mapendo Plus Group's $5,000 loan helped a member to increase the inventory of the restaurant in order to reinforce the working capital.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 23, 2011
Listed
Sep 5, 2011
Currency Exchange Loss:
N/A
Ended:
Jan 15, 2012