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Roc Plus Group
In this Group: Ntotolo, Brigitte, Ida, Sona, André, Pascaline, Mambote, Aristote, Berthe, Stive, Biyou*, Elisa, Béatrice, Samuel
* not pictured

Update on Roc Plus Group

Ntotolo is the leader of the Community Bank named “Roc Plus”. It is composed of 14 members, united in solidarity for receiving Kiva loans with the goal of developing their businesses.

Ntotolo is 30 years old and the father of three children whose ages vary between 6 months and 2 years old. He has been active in his business since 1996. He sells beverages and fresh food in the eastern area of Kinshasa. He has already taken out seven loans from the MFI HOPE DRC for business expansion and fully repaid them.

Thanks to Hope’s loans, his business has prospered and it generates a profit of $100 per week. Ntotolo intends with the next loan to increase the inventory of his business by buying some crates of drinks and some bags of fresh food to resell at profit and increase his income. His ambition is to diversify his business and become a provider in his environment. He works hard in order to achieve his dream.

Previous Loan Details

Kamusuye is the leader of the Community Bank named “Roc Plus”, composed of 16 members united in solidarity for receiving Kiva loans with the goal of developing their businesses. 36 years old, Kamusuye is married and the father of two children aged 8 and 10 years old. Both the children attend sc... More from Roc Plus Group's previous loan »

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.

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.

About Congo (Dem. Rep.)

  • $700
    Average annual income
  • 18
    View loans »
    Congo (Dem. Rep.) Loans Fundraising
  • $11,438,025
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Roc Plus Group's $4,350 loan helped a member to increase the stock of his goods by buying some fresh foods and reselling them at profit.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 26, 2012
Listed
Feb 5, 2012
Currency Exchange Loss:
N/A
Ended:
Jun 15, 2012