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Isaac Group
In this Group: Lavina, Jacque, Kabaka, Ngoy, Mambueni, Adolphe, Nelly, Jacquie, Shambuyi, Ntumba , Céléstine, Annie, Mamie, Mamie, Andy, Esther, Elodie, Dimbi, Bayekola, Ngolo, Elodie, Makaya, Noel, Kungi, Carmel, Mimi, Adele, Nadine
Céléstine has been selling second-hand clothing since 1984. She started her business with US$ 25, selling one bundle of clothes. Over the years, her business prospered through determination and hard work, and she has been able to build a loyal customer base that has stabilized her business.



With good management and savings, Céléstine has been able to increase her working capital from US$ 25 to US$ 750 today. She started with one bundle of second-hand clothing and is up to ten bundles today. Céléstine sells at Gambela market in the central area of Kinshasa, and her business makes US$ 10 per day per bundle. Céléstine is confident in her business and she is determined to someday be a second-hand clothing importer and provider for market women in DRC in general and Kinshasa in particular.



Céléstine is 41 years old, married, and has six children between the ages 8 and 21. She also takes care of a 5-year-old girl. All of the children in her household go to school. Céléstine likes her business because it has stabilized her financially. She could not imagine receiving a loan from an organization without any collateral, so she was happy to join one of Hope’s groups called “Isaac” in August 2008. Being a member of this group is empowering for her.

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
  • 2
    View loans »
    Congo (Dem. Rep.) Loans Fundraising
  • $10,380,525
    Funds lent in using Kiva
  • 665.0
    Congo/Kinshasa Francs (CDF) = $1 USD

Success!! The loan was 100% repaid

A portion of Isaac Group's $2,300 loan helped a member to reinforce her working capital.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 20, 2009
Listed
Jan 22, 2009
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2009