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Rhema Group
In this Group: Monique, Christine, Nelly, Masamba, Ndekedi, Antoinette, Therese, Georgine, Bernadette, Alpha, Edwige, Myriam, Willy, Denise, Madeleine, Mateta, Eugenie, Helene, Suzanne, Pambi , Germaine, Lubondo, Wivine, Bernadette, Bea, Patience, Thythy, Naomie, Marie
Georgine M. is a 52 year old widow with seven children who are between the ages of 16 and 32. She sells fabric and sewing accessories at the central market in Kinshasa. She has been active in her business since 1996.

Since her husband passed away in 2000, Georgine has been dedicated to her business. It is the only source of income she has to support her family. She joined a Hope DRC group called Rhema in January and has already received and successfully repaid two loans. The group consists of 29 members and thanks to Hope’s loans, the group members’ businesses have prospered.

Georgine plans to use this loan to generate more profit by purchasing items of good quality that are needed by her clients. Other Rhema members would use this loan to meet their clients’ needs and improve their business facilities in order to generate more profit to support their families.

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
  • 17
    View loans »
    Congo (Dem. Rep.) Loans Fundraising
  • $11,440,375
    Funds lent in using Kiva
  • 575.5
    Congo/Kinshasa Francs (CDF) = $1 USD

Success!! The loan was 100% repaid

A portion of Rhema Group's $2,750 loan helped a member to purchase additional goods to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 4, 2008
Listed
Nov 22, 2008
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2009