Funded

Total loan: $2,925
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Fad Plus Group

Congo (Dem. Rep.)
Kinshasa, Congo (Dem. Rep.) / Used Clothing

A loan of $2,925 helped a member to purchase another bundle of secondhand clothing in order to reinforce his working capital.


Fad Plus Group's story

Lutala is the leader of this community bank named “FAD Plus”. It is composed of fourteen members united in solidarity to receive Kiva loans with the goal of developing their businesses.

Lutala has been selling secondhand clothing since 2005. He started his business selling one bundle of clothes. Over the years, his business has prospered through determination and hard work, and he has been able to build a loyal customer base that has stabilized his business.

With good management and savings, Lutala has been able to reinforce his working capital. He started with one bundle of secondhand clothing and is up to ten bundles today. He sells at the market in the southwestern area of Kinshasa and his business makes $90 per week.

Lutala has already obtained five loans from HOPE DRC and correctly repaid them. He will increase his stock of merchandise with his next loan by buying a bundle of secondhand clothing to resell the clothes at a profit.

Lutala is confident in his business and he is determined to someday be a secondhand clothing importer and provider for the market in DRC (The Democratic Republic of the Congo) in general and Kinshasa in particular.

Lutala is 55 years old, married, and has five children between the ages 13 and 25 of whom two attend school.

In this group: Lutala, Etienne, Josée, Souza*, Olivier, Marie, Menga , Vicky, Laurent, Georgine, Calvin, Katy, Bienvenue, Antoinette
*not pictured



Loan details

Loan length:

6 months
Disbursed date: July 26, 2010
Facilitated by Field Partner: HOPE DRC, a HOPE International institution

Lenders and lending teams



Loan details

Loan length:

6 months
Disbursed date: July 26, 2010
Facilitated by Field Partner: HOPE DRC, a HOPE International institution