Funded

Total loan: $3,450
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Psaumes 23 Plus Group


A loan of $3,450 helped a member to purchase more bicycle spare parts to resell in order to increase his working capital.


Psaumes 23 Plus Group's story

“Psaumes 23 Plus” is a group of 20 owners of small businesses chaired by Paul. Its members are jointly liable for loans granted by Kiva to grow their businesses.

Paul’s main activity is to sell bicycle spare parts in his area located east of Kinshasa. He has been in the micro enterprise world for years. He has acquired solid experience in this business. Due to the high demand of his customers, Paul intends with the next loan to buy more bicycle spare parts in bulk and resell them at profit in order to generate additional profits. Currently, Paul makes a profit of US$240 per month. His ambition is to someday open a bicycle and spare parts shop to meet the people's needs in the surrounding area. Paul is 46 years old, married, and has six children between 9 and 20 years old. Three of them attend school.

In this group: Paul, Thérèse, André, Mamie, Laurette, Elalie, Jeanne, Annie, Bernadette*, Alice, Chantal, Relie, Cyrille, Marie, Bibiche, Inocent, Martine, Berthe, Mamie, Vicky
*not pictured



Loan details

Loan length:

5 months
Disbursed date: April 3, 2012
Facilitated by Field Partner: HOPE DRC, a HOPE International institution

Lenders and lending teams



Loan details

Loan length:

5 months
Disbursed date: April 3, 2012
Facilitated by Field Partner: HOPE DRC, a HOPE International institution