Pierre Angulaire Plus Group
Update on Pierre Angulaire Plus Group“Pierre Angulaire Plus” is a Community Bank made up of 11 micro-entrepreneurs whose chairwoman is Godelive. These members are united for the same goal- to grow their businesses with loans received from Kiva through IMF HOPE RDC.
Godelive sells drinks in the area located in the mid-eastern area of Kinshasa. She started her business in 1997. After hard work and good management, she succeeded in making it thrive thanks to the accumulated profits. Her business has also been reinforced by six different loans she received from Kiva through MFI HOPE RDC and has repaid them all properly. She intends to use the next loan to add more crates of drinks. The business gives her a profit of 100 USD every week.
Godelive is 55 years old, married and the mother of five children whose ages are between 14 and 31 years old. Two of them attend school. Godelive's ambition is to open a crate drink facility.
Previous Loan DetailsPierre Angulaire Plus is a group of 12 owners of small businesses chaired by Lili. Its members are jointly liable for loans granted by Kiva to grow their businesses. Lili is 47 years old, married and a mother of seven children between the ages of 15 and 34. Three of them attend school. The res... More from Pierre Angulaire Plus Group's previous loan »
About HOPE DRCHOPE 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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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.
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Success!! The loan was 100% repaid