KivaHOPE DRC, a partner of HOPE International
The Democratic Republic of the Congo
September 11, 2011
As part of an ongoing effort to fully migrate risk ratings to our new and enhanced risk rating system, Kiva has conducted a re-assessment of the level of risk posed by this institution.
During this re-assessment, our analysts were able to gather updated operational and financial information about the institution, as well as speak with key members of the staff.
The information gathered during this process, together with the Kiva's new risk rating system and half-star support, has led us to revise HOPE DRC's risk rating from 3 to 2 stars. The analysts have found that HOPE DRC's risk variables, reviewed in the new risk rating model, were most representative of a 2-Star rating.
We have prepared a blog post with more information on Kiva's new and enhanced risk rating system, along with a chart showing the relative magnitude of the overall changes for Kiva's portfolio. To view that, please go here: http://www.kiva.org/updates/kiva/2011/09/07/kiva-risk-ratings-now-with-half-stars.html.
HOPE DRC has been informed of our analysts’ findings and their corresponding change in rating.
Original Partner Description
IMF HOPE DRC received its license from La Banque Centrale du Congo in July 2004 and has been providing loans to entrepreneurs in the Democratic Republic of Congo since August 2004. During this time, the MFI has expanded from the capital city of Kinshasa to the cities of Kisangani and Lubumbashi. HOPE currently serves over 22,500 active clients in Congo (Oct 2008).
Following a destructive civil war and in a context of continuing political transition, IMF HOPE Congo is one of only a few registered microfinance institutions in DR Congo. IMF HOPE DRC’s commitment to industry best practices and willingness to work in extremely difficult environments have helped it emerge as a microfinance leader in the Congo. With peace at hand and a strong need for microfinance among Congo’s large population of small business owners, IMF HOPE Congo expects continued growth in this country.
IMF HOPE DRC can be contacted via email at drc_kinshasa@hopeinternational.org
Listen to an interview with Peter Greer, President of Hope International, here.
Repayment Performance on Kiva
Repayment Performance on Kiva| This Field Partner | All Kiva Partners | ||
| Start Date On Kiva | Feb 21, 2007 | Oct 12, 2005 | |
|---|---|---|---|
| Total Loans | $1,661,225 | $280,713,025 | |
| Amount of Raised Inactive Loans | $0 | $10,525 | |
| Number Of Raised Inactive Loans | 0 | 17 | |
| Amount of Paying Back Loans | $323,325 | $76,564,275 | |
| Number Of Paying Back Loans | 78 | 92,262 | |
| Amount of Ended Loans | $1,337,900 | $204,138,225 | |
| Number Of Ended Loans | 414 | 280,125 | |
| Delinquency Rate | 0.00% | 2.45% | |
| Amount In Arrears | $0 | $1,254,316 | |
| Outstanding Portfolio | $214,392 | $51,149,836 | |
| Number of Loans Delinquent | 0 | 11,545 | |
| Default Rate | 0.00% | 1.12% | |
| Amount of Ended Loans Defaulted | $0 | $2,280,201 | |
| Amount of Ended Loans | $1,337,900 | $204,138,225 | |
| Number Of Ended Loans Defaulted | 0 | 6,779 | |
| Currency Exchange Loss Rate | 0.00% | 0.00% | |
| Amount of Currency Exchange Loss | $0 | $12,824 | |
| Refund Rate | 0.46% | 1.24% | |
| Amount of Refunded Loans | $7,575 | $3,477,150 | |
| Number Of Refunded Loans | 2 | 4,129 |
Loan Characteristics On Kiva
Loan Characteristics On Kiva| This Field Partner | All Kiva Partners | ||
| Loans To Women Entrepreneurs | 59.88% | 74.90% | |
|---|---|---|---|
| Average Loan Size | $165 | $389 | |
| Average Individual Loan Size | $766 | $618 | |
| Average Group Loan Size | $3,640 | $1,631 | |
| Average Number Of Entrepreneurs Per Group | 22.5 | 8 | |
| Average GDP Per Capita (PPP) in Local Country | $119 | $3,402 | |
| Average Loan Size / GDP Per Capita (PPP) | 138.31% | 11.42% | |
| Average Time To Fund A Loan | 1.78 days | 3.96 days | |
| Average Dollars Raised Per Day Per Loan | $92.41 | $98.13 | |
| Average Loan Term | 3.73 months | 9.26 months |
Journaling Performance on Kiva
Journaling Performance on Kiva| This Field Partner | All Kiva Partners | ||
| Total Journals | 143 | 131,404 | |
|---|---|---|---|
| Journaling Rate | 34.49% | 39.40% | |
| Average Number Of Comments Per Journal | 0.48 | 0.16 | |
| Average Number Of Recommendations Per Journal | 10.29 | 4.21 |
Borrowing Cost Comparison (based on 2009 data)
Borrowing Cost Comparison (based on 2009 data)| This Field Partner | Median for MFI Peers in Country | All Kiva Partners | ||
| Average Interest Rate and Fees Borrowers Pay (Portfolio Yield) | 69.50% | 63.70% | 36.11% | |
|---|---|---|---|---|
| Average Partner Return On Assets (Average Profitability) | -60.3% | -14.4% | -1.45% | |
| Average Loan Size (% of Per Capita Income) | 66.88% | 117.30% | 43.69% |
Country Fast Facts
Country Fast Facts- Country:
- The Democratic Republic of the Congo
- Capital:
- Kinshasa
- Official Language:
- French
- Population:
- 63,655,000
- Avg Annual Income:
- $119
- Labor Force:
- No current data
- Population Below Poverty Line:
- No current data
- Literacy Rate:
- 65.5%
- Infant Mortality Rate (per 1000):
- 88.62 deaths
- Life Expectancy:
- 51.46 years
Field Partner Staff
Mercy Allah-Asramodeste ETAMBA
Alanna Heath
Robert Kalala
Robert Kalala
yves MBOBA
papy mushila
Liz Myrick
SEGUY NGELEKA
Justin Straight
Kathy Younker