Total loan: $5,000

Losambo 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 for resale in her store.

Losambo Plus Group's story

Losambo Plus is a group of 28 owners of small businesses chaired by Antho. Its members are jointly liable for loans granted by Kiva through the MFI (Micro-Finance Institution) HOPE DRC to grow their businesses. Antho is determined to be a successful businesswoman. She operates a general store. She became a microentrepreneur in 2001. She already received two loans from Microfinance Institution HOPE DRC and fully repaid them. She intends to use this loan to expand her inventory. She will buy items for resale in order to reinforce her working capital and increase the profit. She will seek to make more profit by stocking more goods preferred by her customers. Antho's business brings in a profit of US$ 480 per month. Antho is 51 years old, unmarried, and the mother of three children whose ages range between 16 and 23. One of them attends school. She is also taking care of her grandchild.