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Consolation Baco Group
In this Group: Mireille, Elise, Marie Jeanne, Sylvie, Berthe, Yumba
Consolation Baco is a Community Bank made up of 6 members whose chairwoman is Mireille. These members are united for the same goal--to grow their businesses by loans received from Kiva through the MFI HOPE RDC.

Mireille sells manioc flour in detail. She began her business in 1987. After hard work and good management, she succeeded in making it thrive thanks to the accumulated profits. Mireille is a trustworthy client of the MFI HOPE RDC, having thirteen times obtained and correctly repaid loans. She will increase her stock of merchandise with her next loan by buying more sacks of manioc flour in bulk and reselling them at a profit in her environment. Her business generates a profit of US $110 per week. Mireille is 40 years old, married and the mother of a daughter who is 6 years old and goes to school. Mireille’s dream is to open a manioc facility and become a provider in her area.

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
  • 0
    View loans »
    Congo (Dem. Rep.) Loans Fundraising
  • $10,892,125
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Consolation Baco Group's $6,000 loan helped a member to purchase more sacks of manioc flour in bulk to resell them at a profit.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 5, 2012
Listed
Oct 28, 2012
Currency Exchange Loss:
N/A
Ended:
Apr 2, 2013