Status update – April, 15, 2015  

Since HOPE DRC is focused on its lending operations, and is not at this time using Kiva funding, Kiva and HOPE DRC have decided to end their partnership. We thank HOPE DRC for years of partnership, and remain open to resuming fundraising for HOPE DRC in the future.

Status Update - February 28, 2013

HOPE International recently made the difficult decision to close its branch office in Kinshasa and focus its lending activity in a different geographic area in DRC. As you may know, DRC is a very difficult operating environment due to political instability, corruption and ongoing armed conflict in the East. However, HOPE DRC and Kiva both remain committed to continuing microfinance operations in the country and serving the critical needs of borrowers for years to come.

Because HOPE International no longer operates in Kinshasa, the organization has repaid Kiva lenders for outstanding loans made to Kinshasa borrowers. HOPE DRC will continue to post loans to Kiva from its Lumumbashi branch office.

Partner Description:

HOPE International has been providing small business loans and savings services to thousands of entrepreneurs in DRC since 2004. It is also one of Kiva’s earliest field partners, aiming to expand access to financial services to the 99% who live without it.

In a country where there are only 650,000 bank accounts among a population of 66.7 million, 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.

Through a community bank and group lending structure, HOPE DRC reaches thousands of clients, 80% of whom are female, with loans averaging $431. Funds from Kiva lenders play a major role in expanding access to affordable, flexible capital for micro-enterprises.

User-added image

Nono (far left) of the Bokoli Plus Group used her loan to buy sacks of sugar and milk to sell at the market. The 12 other members of her borrower group also sell food.

The organization’s operations are largely shaped by the country’s history. Still recovering from a five-year civil war that ended in 2003, many people in DRC are still affected by violence, corruption, and economic instability. While the country is rich in natural resources, wealth in concentrated in the hands of a few.

Today, 95.2% of DRC’s population lives on less than US$2 a day, and 81.7% qualifes as underemployed. As a result, many workers have been pushed into the informal economy, increasing demand for financial services on a small, customized scale.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Feb 21, 2007 Oct 12, 2005
Total Loans $2,236,075 $1,606,044,595
Amount of raised Inactive loans $0 $343,050
Number of raised Inactive loans 0 389
Amount of Paying Back Loans $0 $163,624,250
Number of Paying Back Loans 0 199,854
Amount of Ended Loans $2,236,075 $1,442,077,295
Number of Ended Loans 617 1,906,880
Delinquency Rate 0.00% 16.26%
Amount in Arrears $0 $16,550,633
Outstanding Portfolio $0 $101,788,297
Number of Loans Delinquent 0 49,658
Default Rate 0.07% 1.71%
Amount of Ended Loans Defaulted $1,598 $24,614,777
Number of Ended Loans Defaulted 2 61,388
Currency Exchange Loss Rate 0.00% 0.40%
Amount of Currency Exchange Loss $0 $7,011,572
Refund Rate 0.34% 0.59%
Amount of Refunded Loans $7,575 $9,477,100
Number of Refunded Loans 2 8,839

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 63.29% 77.44%
Average Loan Size $186 $392
Average Individual Loan Size $766 $600
Average Group Loan Size $3,849 $1,806
Average number of borrowers per group 20.9 8
Average GDP per capita (PPP) in local country $700 $5,675
Average Loan Size / GDP per capita (PPP) 26.63% 6.91%
Average Time to Fund a Loan 2.76 days 8.07 days
Average Dollars Raised Per Day Per Loan $67.49 $48.58
  Average Loan Term 3.64 months 11.35 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 276 977,859
  Journaling Rate 35.49% 42.27%
  Average Number of Comments Per Journal 0.30 0.03
  Average Number of Recommendations Per Journal 5.35 0.67

Borrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower N/A 56.00% PY 26.56% PY
  Profitability (return on assets) N/A 1.1% -0.53%
  Average Loan Size (% of per capita income) 70.68% 15.00% 11.35%

Country Fast Facts

Field Partner Staff

Micah Crist
Peter Greer
Brad Statnick