Bwanya Group


Status: Paid Back

$4,175.00   Loan Request
$4,175.00   Paid Back

About the Group

Group Name: Bwanya Group
Group Members: Marie Mukanda
Tshanda Ngalula
Germaine Kapuma
Limbaya Mado
Annie Mangumbe
Mimi Mitonga
Menima Besanda
Anne Mbuyi Nkusu
Thérèse Domanea
Hernesine Mousa
Charlotte Kanku
Bisewu Ibandula
Georgette Muteba
Lembe Mukoko
Sylvie Kusu
Colette Kitoko
Chantal Limbaya
Didier Kashama
Anna Bangazo
Josée Mulanga
Mishoma Bipua
Nkola Munanga
Mamie Ndikita
Viviane Baelo
Doudou Batumbe
Marie Josée Ngole
Aimée Mulanga
Maguy Sankoko
Bluvie Nzumba
Alain Katomba
Ndumbanga Bena
Mamie Mutshipu
Mwema Mwema Kizito
Ngalula Tshiandanda
Louisette Tshilanda
Mireille Mbombo
Pisi Misa
Véronique Tubijinga
Getou Malengo
Victor Dinanga
Sam Musuasua
Alexis Mulolo
Location: Kinshasa, The Democratic Republic of the Congo
Activity: Call Center

About the Loan

Loan Amount: $4,175.00
Loan Use: To diversify the business by selling foods such as fresh fish, etc.
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jan 22, 2009
Date Disbursed: Jan 13, 2009
Date Funded:Jan 22, 2009
Loan Ended:Jun 15, 2009

About the Country

Country:The Democratic Republic of the Congo
Avg Annual Income:$119.00
Currency:Congo/Kinshasa Francs (CDF)
Exchange Rate:665.0000 CDF = 1 USD



Nkola operates five radios in different parts of Kinshasa to help people who do not have cell phones communicate with their relatives and friends in different villages. He started his business in 1983. He is well-known in this field and has developed many relationships. His beginning capital was US$ 250. The business was challenging to him at first because he did not know much about running a radio. He also had to navigate renting a place, obtaining legal documents, and determining his employee’s wages. As a beginner in the field, he had to be very careful.



With determination and good management, he succeeded and was gradually able to increase his working capital from his profit and buy four more radios. His business is prospering and makes a profit of about US$ 500 per month. As Nkola has a vision of opening a big wholesale shop to provide business coming from villages, he decided to join one of Hope’s groups named “Bwanya,” meaning “Worthy” in English, last September. He plans to diversify his business with his loans by adding foods such as fresh fish, sacks of corn and miscellaneous other items. Nkola is 56 years old. He is married and the father of eight children between the ages of 10 and 39. Two of them live at home and are in school.



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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Journal entries for Bwanya Group


Loan has been disbursed
 
Entrepreneur: Bwanya Group
Location: Kinshasa, The Democratic Republic of the Congo

Thank you for your loan. It has been disbursed to the Marie Mukanda group, consisting of Marie Mukanda, Tshanda Ngalula, Germaine Kapuma, Limbaya Mado, Annie Mangumbe, Mimi Mitonga, Menima Besanda, Anne Mbuyi Nkusu, Thérèse Domanea, Hernesine Mousa, Charlotte Kanku, Bisewu Ibandula, Georgette Muteba, Lembe Mukoko, Sylvie Kusu, Colette Kitoko, Chantal Limbaya, Didier Kashama, Anna Bangazo, Josée Mulanga, Mishoma Bipua, Nkola Munanga, Mamie Ndikita, Viviane Baelo, Doudou Batumbe, Marie Josée Ngole, Aimée Mulanga, Maguy Sankoko, Bluvie Nzumba, Alain Katomba, Ndumbanga Bena, Mamie Mutshipu, Mwema Mwema Kizito, Ngalula Tshiandanda, Louisette Tshilanda, Mireille Mbombo, Pisi Misa, Véronique Tubijinga, Getou Malengo, Victor Dinanga, Sam Musuasua, Alexis Mulolo by HOPE DRC, a partner of HOPE International in The Democratic Republic of the Congo. We are excited to watch this business grow. Over the 3 months of this loan, HOPE DRC, a partner of HOPE International will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Kinshasa, The Democratic Republic of the Congo
Jan 23, 2009
Comments (1)

Nkola Munaga encouragé
 
Entrepreneur: Bwanya Group
Location: Kinshasa, The Democratic Republic of the Congo

Nkola Munaga a comme affaire cinq cabines de radio phonique. Avec le développement des téléphones cellulaires, ses clients communiquent maintenant plus avec le portable que les phonies même dans des villages. Il a donc renforcé avec le prêt reçu en janvier dernier, le service de transfert des fonds qui désormais est devenu son activité principale. Il remercie tout le monde qui le soutient financièrement pour faire prospérer son affaire.


Posted by Robert Kalala from Kinshasa, The Democratic Republic of the Congo
Apr 20, 2009
Comment on this entry

Kiva Help Repayment Schedule for Bwanya Group

  Expected Repayments Actual Repayments Comments
March 2009 $261.16 $261.16 Repayment Received
April 2009 $1,044.64 $1,044.64 Repayment Received
May 2009 $1,305.80 $1,305.80 Repayment Received
June 2009 $1,044.64 $1,044.64 Repayment Received
July 2009 $518.76 $518.76 Repayment Received