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Sainte Cathérine Plus Group
In this Group: Jeannette, Mireille, Mbungu, Lukau, Léontine, Honorine, Régine, Julienne, Mani, Mamu

Update on Sainte Cathérine Plus Group

Sainte Cathérine Plus is a community bank made up of 10 members. The chairwoman is Jeannette. These members are united for the same goal: to grow their businesses by loans received from Kiva through MFI HOPE RDC.

Jeannette sells potatoes. She began her business in 1989. After hard work and good management, she succeeded in making it thrive, thanks to the accumulated profits and different loans she received from HOPE DRC. Jeannette is a trustworthy client of the MFI HOPE RDC, having 12 times obtained and correctly repaid loans. She will increase her stock of potatoes with her next loan by buying some sacks and reselling them at profit. Her business brings in US $30 of profit each week. Her ambition is to someday diversify her activity by opening a general store in her environment. Jeannette is 43 years old, a widow, and the mother of five children whose ages range between 10 and 20 years old. One of them attends school.

Previous Loan Details

Mamu is the chairwoman of a community bank named “Sainte Cathérine Plus” composed of 15 small business owners. Bank members are jointly liable for loans granted by Kiva to grow their businesses. Mamu is 57 years old and married. She is the mother of nine children, ranging in age between 17 and... More from Sainte Cathérine 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.)

  • $119
    Average annual income
  • 0
    View loans »
    Congo (Dem. Rep.) Loans Fundraising
  • $10,942,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Sainte Cathérine Plus Group's $4,400 loan helped a member to increase the stock of potatoes and resell for a profit.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 4, 2012
Listed
Apr 23, 2012
Currency Exchange Loss:
N/A
Ended:
Sep 15, 2012