Charité Plus Group
Update on Charité Plus GroupLuzeta was elected as chairwoman of the Community Bank named "Charité Plus" in replacement of Batinga who was the leader last cycle and took a break this cycle to focus on other activities. The group is made up of 24 members firmly united to receive loans from the MFI (microfinance institution) HOPE DRC in order to develop their businesses.
Luzeta sells salted fish. She sells in a market located in the mid-eastern part of Kinshasa. She has been in business since 2001. She borrowed two loans from the MFI HOPE DRC for business expansion and fully repaid them. With the next loan, Luzeta will be able to meet her customer demand by buying 2 salted fish boxes and generate additional profits. Her business makes a profit of US$30 per week. Her ambition is to diversify her business by opening a beverage facility in her area. Luzeta is 35 years old and married with five children between the ages of 1 and 6 years old. Two of them attend school.
Previous Loan DetailsCharité Plus is a group of 19 owners of small businesses chaired by Batinga. Its members are jointly liable for loans granted by Kiva through MFI (Micro-Finance Institution) HOPE DRC. Batinga’s main business is selling caterpillars in the mid eastern part of the capital city of Kinshasa. He b... More from Charité Plus Group's previous loan »
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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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.
About Congo (Dem. Rep.)
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Success!! The loan was 100% repaid