Motema Mpiko Plus Group

Munongo Ngoy is 48 years old and the president of a group called "Motema Mpiko Plus", which in English means "Courageous Heart". The group is composed of 26 members who together have received and repaid loans from Kiva through the micro-finance organization, Hope Kinshasa RDC. He has already received 2 loans from Hope and has properly repaid both of them.

Munongo's business is selling "pagnes" (colorful wax cloths) in the mountainous area located to the west of Kinshasa. Since 2002, he has had solid experience in the business sector. His business prospers that to his good management and reinvestment of the profits he accumulates. Right now his business generated a profit of $20 a day.

Munongo will use his next loan to purchase "pagnes" to re-sell, so that he can satisfy the needs of his clients and increase his revenues.

He is married and the father of 8 children, they are aged between 4 and 21 - 6 of the children are students.

Translated from French by Margot Bonner, Kiva Volunteer

Munongo Ngoy 48 ans, est président du groupe dénommé « Motema Mpiko Plus » qui signifie en anglais « Courageous Heart ». Ce groupe est composé de 26 membres engagés solidairement à recevoir et rembourser des prêts de Kiva à travers Hope Kinshasa RDC. Il a déjà obtenu 2 fois les crédits de Hope qu’il remboursé correctement.
Munongo a comme activité commerciale, la vente des pagnes dans la partie montagneuse située à l’ouest de Kinshasa. Il a acquit depuis 2002 une solide expérience dans ce secteur d’activité. Son affaire prospère grâce à la bonne gestion et au réinvestissement des bénéfices accumulés. Actuellement, son affaire lui génère un bénéfice de $20 par jour. Munongo utilisera le prochain prêt pour acheter des pagnes à revendre afin de satisfaire le besoin de ses clients et accroitre le revenu. Il est marié et père de 8 enfants âgés entre 4 et 21 ans dont 6 d’entre eux sont scolarisés.



About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn more

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