Orchidée Plus Group
In January 2008, Pitchou decided to join one of the Hope groups called « Orchidée Plus » with the intention of making his dream come true: to open a maize depot and one day, to become a supplier of this product in his neighborhood situated in the south-east of Kinshasa.
He has already received three loans from Hope which he completely reimbursed. Pitchou intends, with this loan, to diversify his business by buying 8 sacks of maize to sell to earn income. Presently, his business is generating a profit of US$ 175 per week.
Pitchou is single and the father of a child of 3. The « Orchidée Plus » group has had the joy and the privilege to welcome John, Kiva fellow in Kinshasa.
About HOPE DRCHOPE 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.
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Success!! The loan was 100% repaid