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Prodige Baco Group
In this Group: Esther, Régine, Ruth, Omar, Anne, Brigitte, Nono, Anastasie, Henriette, Emma, Viviane, Vicky, Angèle, Epenetusa, Isaac
Esther, aged 46, is the chairwoman of the Community Bank named “Prodige Baco”, which is composed of 15 members united in solidarity to receive loans from Kiva through the MFI HOPE RDC with the goal of developing their businesses.

Esther has been in the business world since 1997. She manages her business in the northeastern part of Lubumbashi. She is a loyal client of the MFI HOPE RDC and has already received a loan and has repaid it properly. She intends to use the next loan to increase the inventory of her goods by buying some baskets of fish and boxes of chickens for resale, with the aim of increasing her profits. Each week, her business brings in a profit of about US$40.
Her ambition is to develop it and become financially independent. Esther is married and has five children, who are aged between 4 and 15 years old. Two 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
  • 4
    View loans »
    Congo (Dem. Rep.) Loans Fundraising
  • $11,618,125
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Prodige Baco Group's $2,400 loan helped a member to increase the inventory of her goods by purchasing some baskets of fish and boxes of chickens for resale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 22, 2012
Listed
Nov 4, 2012
Currency Exchange Loss:
N/A
Ended:
Apr 2, 2013