Check out some available loans that are similar to this one!
Foi Plus Group
In this Group: Yannick, Elisée, Teddy, Antoinnette, Wivine, Landu, Annie, Trésor, Félix, Honoré, Jean, Mandala, Mansaga, Brigitte, Henry, Christine, Jerry, Claudine, Willy, Elie, Eugène, Julienne, Albertine, Patrick
Foi Plus is a community bank made up of 24 micro-entrepreneurs whose chairman is Yannick. These members are united for the same goal- to grow their businesses with loans received from Kiva through IMF HOPE RDC.

Yannick sells soft drinks in his area located in the eastern area of Kinshasa. He has been in the business world since 2010, selling the same product. After hard work and good management, he succeeded in making it thrive thanks to the accumulated profits. He is happy to be one of MFI HOPE’s clients. He intends to reinforce the capital with the next loan by adding some more crates of soft drinks. The business gives him a profit of 20 USD every day.

Yannick’s ambition is to open a soft drink facility in his environment. He is 26 years old and single.

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
  • 16
    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 Foi Plus Group's $4,350 loan helped a member to purchase 10 crates of soft drinks for resale at a profit.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 10, 2011
Listed
Nov 21, 2011
Currency Exchange Loss:
N/A
Ended:
Apr 15, 2012