100%

funded

Total loan: $3,500

Gradi Plus Group

Flag of The Democratic Republic of the Congo
Kinshasa, Kinshasa, Congo (DRC) / Retail

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A loan helped to purchase items such as soap, sacks of sugar, cans, purified water, etc to sell.


Gradi Plus Group's story

“Gradi Plus” is a Community Bank made up of 14 micro entrepreneurs whose chairman is Faustin. These members are united for the same goal: to grow their businesses by loans received from Kiva through IMF HOPE DRC. Faustin started his business in 1998 selling miscellaneous items. Today, he operates a general boutique. He is 49 years old, married and has four children between the ages of 8 and 17. Three of them go to school. His boutique has been strengthened thanks to the four different loans he has already received from MFI HOPE DRC, which he repaid properly. With a profit of about $45 earned per week, he plans with the next loan, to increase the inventory of his goods by purchasing items such as some soaps, sacks of sugar, cans, purified water, etc. for reselling at a profit in order to meet his customer’s needs and make additional profits. Currently, Faustin is happy to be part of one of Hope’s groups. He is determined to develop his business through the different loans he will be receiving from Kiva through MFI HOPE DRC. He sells in the mid-eastern part of Kinshasa.