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Humilité Group
In this Group: Mbenza, Clémentine, Marie, Adele, Charlotte, José, Christine, Emery, Théthé, Patience, Christine, Sylvie, Annie, Jeanne, Marie, Chantal, Agnes, Chantal, Charlotte, Esther, Viviane, Gracia, Marie Louise, Wilder, Henriette, Françoise
Mbenza sells fresh fish, manioc and corn flour. He has been in business since 1977. He started selling spare car parts in Matadi in Lower Congo which is about 350 km from Kinshasa. His first business was prosperous, but collapsed due to the currency devaluation that took place in 1981. He lost about $200 of his running capital. He then went to work for a company until 2005. He stopped working and relunched his own business. His business makes about $120 per week. Mbenza planned with the first loan from Hope to diversify his business by buying palm oil. He has two points of sale within his community in order to make more income. His dream is to open a large general boutique. Mbenza is 55 years old, married and a father of four children between the ages of 3 and 34. Of his children, one is already married, one is at secondary school, and two at primary school. Through his business, Mbenza has been able to support his family. He also likes it because it gives him the opportunity to make contacts with many different people, and once they become permanent clients he is able to offer them quality products at a better price. His plan is to open a storage depot.

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
  • 5
    View loans »
    Congo (Dem. Rep.) Loans Fundraising
  • $11,618,125
    Funds lent in using Kiva
  • 645.0
    Congo/Kinshasa Francs (CDF) = $1 USD

Success!! The loan was 100% repaid

A portion of Humilité Group's $1,575 loan helped a member to purchase two containers of palm oil.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 14, 2009
Listed
Jan 22, 2009
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2009