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Cpk Ii Group
In this Group: Matane, Cécile, Youyou, Marie, Béatrice, Blandine, Esther, Marguerite, Elisée, Françoise, Anna*, Marie Josée, Marie, Albertine, Marceline, Lucie, Mumbi, John, Marie, Baby, Chantal, Aimé*, Brigitte, Charlotte, Sase, Harida, Elanga, Jacquie, Chantal, Micheline, Miriame, Ruth, Moseka
* not pictured
Matane sells scrap metal. She was taught by her mother from 1978 to 1979 the business of selling spices and smoked fish. From 1990 to 1994, she started her own business with a beginning capital of $100, selling cartons of tomatoes, onions and spices. In 1994, her aunt taught her how to sell scrap metal. She started this business with $100 as beginning capital. In 1995, she bought a stall at the market called Lufungula. With hard work and good management, Matane prospered in her business until 2006. She increased her working capital to $700.



From 2006 to 2007, her business decreased to $50 because of family difficulties due to rising rent costs and her husband’s long absence in Angola, without any news of his welfare. After this, she joined one of Hope’s groups in February 2007, and she reinforced her business by increasing the inventory. Currently, her working capital is $400 and she makes $100 per month as profit. Her ambition is to open a scrap metal store. Matane is married and the mother of five children between the ages of 7 and 20, who are all in 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.)

  • $119
    Average annual income
  • 0
    View loans »
    Congo (Dem. Rep.) Loans Fundraising
  • $10,917,925
    Funds lent in using Kiva
  • 710.0
    Congo/Kinshasa Francs (CDF) = $1 USD

Success!! The loan was 100% repaid

A portion of Cpk Ii Group's $4,600 loan helped a member to reinforce working capital.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 16, 2009
Listed
Feb 20, 2009
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2009