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Salem Gs1 Group
In this Group: Bijoux, Emmanuel, Koso, Michel, Beatrice
Bijoux is the chairwoman of a Community bank named “Salem GS1,” which is composed of 5 micro-entrepreneurs united in solidarity to receive loans from Kiva through IMF HOPE RDC with the goal of developing their businesses.

Bijoux sells sacks of cement and beverages in detail. She has been in business since 1983. She has a solid experience in her business and it has prospered thanks to good management and accumulated profits. She is a loyal client of IMF HOPE RDC who has already received fourteen different loans and has repaid them correctly. She intends with the next loan to increase the inventory of her business by purchasing more sacks of cement and beverages to resell in order to generate additional profits. Currently, she earns a profit of US $150 every week.

Bijoux is 47 years old, a widow and the mother of six children between 16 and 31 years old. Two of them go to school. Her dream is to become a wholesaler.

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
  • 19
    View loans »
    Congo (Dem. Rep.) Loans Fundraising
  • $10,687,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Salem Gs1 Group's $5,575 loan helped a member to increase the inventory of her business by purchasing more sacks of cement and beverages to resell in order to generate additional profits.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 2, 2012
Listed
Mar 13, 2012
Currency Exchange Loss:
N/A
Ended:
Oct 17, 2012