Check out some available loans that are similar to this one!
Losambo Plus Group
In this Group: Ida, Charlotte, Jacqueline, Florantine, Bernadette, Cephas, Make, Mick, Koko, Espoir, Konga, Dénise, Céléstine, Mireille, Agnès, Tumamika, Mamie, Paulin, Eddy, Pauline, Christine, Christian
Ida is the chairwoman of the group “Losambo Plus”, made up of 22 members firmly united to receive loans from the MFI (micro-finance institution) HOPE RDC in order to develop their businesses.

Ida’s main business is making paints, latex etc…from different chemical products and reselling them at a profit in her area. She has been a micro entrepreneur since 1994. She likes her business and she is working hard to achieve her goal of one day opening a larger workshop. She is a loyal client of the MFI HOPE RDC and has already received sixteen different loans and has repaid them properly.

She intends to use the next loan to buy different chemical products to make paints, latex etc…and resell them with the aim of increasing her profits. Each week, her business brings in a profit of about $180. Fifty-two years old, Ida is married and has six children between the ages of 10 and 28 years old. All of them go to school.

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.)

  • $700
    Average annual income
  • 15
    View loans »
    Congo (Dem. Rep.) Loans Fundraising
  • $11,650,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Losambo Plus Group's $5,225 loan helped a member to purchase different chemical products to make paints and latex and resell them at profit.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 8, 2012
Listed
Jun 13, 2012
Currency Exchange Loss:
N/A
Ended:
Apr 2, 2013