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Tonnere Group
In this Group: André, Christine, Marie Thérèse, Rose, Thérèse, Bilonda, Mama, Christine, Martine, Rose, Bernadette*, Merline, Marie, Laurence, Esther, Régine, Kajos*, Blandine, Roger, Joséphine, Philipine*, Honorine, Souzane, Marie Jeanne, Nadine, Michel, Théophile, Blaise, André, André, Zéphirin*, Luboya, Mwaku, Marie, Jeannette, Matete, Ambroisi, Mbembila, Masamba
* not pictured
André B. operates a drugstore in Bumbu (an Eastern suburban area of Kinshasa). He is 61 years old, and a father of six children who are between the ages of 2 and 30. Three of them are already married, and two are students and live with him.

He began his business in 2004, after the company where he used to work closed due to political and economic instability. He started his business with a capital of $100. With hard work and good management, and by providing good customer service, Andre’s business has prospered and has permanent customers to keep it up. André’s wife is a nurse and has been helping him by promoting the business. As a nurse, she has been helping André make the best choices about purchasing appropriate drugs in the area. She works with him in developing the drugstore. They both like their business and they also like talking to their customers about their health. André has been in one of Hope’s loan groups since last July. He is planning to expand his business with the new loan, by opening another drugstore.

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
  • $10,917,925
    Funds lent in using Kiva
  • 556.0
    Congo/Kinshasa Francs (CDF) = $1 USD

Success!! The loan was 100% repaid

A portion of Tonnere Group's $4,325 loan helped a member to expand the business by opening another drugstore.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 22, 2008
Listed
Jan 9, 2009
Currency Exchange Loss:
Covered
Ended:
May 15, 2009