Jérémie 3:16 Group


Status: Paying Back - Delinquent

$4,750.00   Loan Amount
99% repaid

About the Group

Group Name: Jérémie 3:16 Group
Group Members: Josée Ngiengi
Gérare Tshibangu
Marie Ahita
Nicola Efole
Alexis Ejaya
Sera Ngomo
Jimmy Sele
Esther Pemba
Mireille Zola
Sylvie Kulaba
Nelly Nsimba
Judith Ntumba
Eugenie Biama
Elisa Ampli
Victorine Bata
Colette Mudele
Madeleine Mabiku
Nene Ndaya
Rose Nzemba
Jacky Kibadi
Lucie Nsingi
Nene Makamba
Véro Mabengi
Rose Ntumba
Josée Ndandu
Marthe Nseya
Bertilde Manionga
Christine Suana
Rosette Luyitu
Julie Mpomo
Sophie Kukikila
Mbo Lokenga
Godé Kingumu
Léontine Kasapo
Bibiane Soma
Eugénie Mbombo
Godé Tshinguta
Thérèse Malu
Anny Makiese
Julienne Munianga
Jacqueline Kabedi
Marie Kapinga
Agnès Yemueni
Maguy Tulengi
Location: Kinshasa, The Democratic Republic of the Congo
Activity: Retail

About the Loan

Loan Amount: $4,750.00
Loan Use: To buy mushrooms, peanuts, and caterpillars for resale in order to increase her capital and profits
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Mar 26, 2009
Date Disbursed: Mar 23, 2009
Date Funded:Mar 27, 2009

About the Country

Country:The Democratic Republic of the Congo
Avg Annual Income:$119.00
Currency:United States Dollars (USD)



Josée Ngiengi entered the world of micro-business in 1980 with $35 in capital. Her first business involved buying and selling different soaps. She bought them from a soap manufacturing company named Marsavco” to resell them at the marketplace. From 1980 to 1991, her business prospered, attaining $700 in capital.

Monetary reform and the pillaging in 1991 in the Democratic Republic of Congo had seriously affected her business and caused a drop. She started up again with 65 boxes of different soaps up until 1997, when wholesalers in Kinshasa stores also started selling goods at the retail level. She therefore decided to stop selling soap. From 1998 to 2003, with $100 in capital, Josée started retail sales of boxed tea. She diversified her business in 2003 by adding babouches (slippers), with the goal of growing her profits.

Wanting to bolster her business in an ongoing manner, she decided to join one of the HOPE RDC groups in December 2008. Her business is in the middle of stabilizing because she’s realizing weekly profit of about $70.

Josée is 48 years old, married, and the mother of seven children, who range from 9 to 29 years old. Five of them attend school.

Translated from French by Dan Kuey, Kiva Volunteer


Josée Ngiengi est entrée dans le monde des micros affaires depuis 1980 avec un capital initial de $35. Sa première activité était d’acheter et revendre les différents savons. Elle les achetait dans une société de fabrication des savons dénommée « Marsavco » pour les revendre au marché. De 1980 à 1991, son affaire prospéra jusqu’à atteindre un capital de $700. La reforme monétaire et les pillages de 1991 en RDCongo avaient sérieusement affecté son affaire et causé une baisse. Elle relança l’affaire avec 65 cartons de différents savons jusqu’en 1997 quand les grossistes dans des magasins de Kinshasa commençaient à vendre aussi les articles en détail. Josée décida ainsi de cesser la vente des savons. De 1998 à 2003, avec un capital de $100, Josée commença à revendre du thé en cartons. Elle diversifia son activité en 2003 en ajoutant les babouches (flippers) en vue de croitre le bénéfice. Dans le souci de renforcer son affaire de façon permanente, Josée décida d’intégrer un des groupes de Hope RDC en décembre 2008. Son affaire est entrain de se stabiliser parce qu’elle réalise par semaine un bénéfice d’environ $70. Josée est âgée de 48 ans, mariée et mère de 7 enfants dont l’âge varie entre 9 et 29 ans. Cinq d’entre eux vont à l’école.


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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 Jérémie 3:16 Group


Loan has been disbursed
 
Entrepreneur: Jérémie 3:16 Group
Location: Kinshasa, The Democratic Republic of the Congo

Thank you for your loan. It has been disbursed to Jérémie 3:16 Group, consisting of Josée Ngiengi, Gérare Tshibangu, Marie Ahita, Nicola Efole, Alexis Ejaya, Sera Ngomo, Jimmy Sele, Esther Pemba, Mireille Zola, Sylvie Kulaba, Nelly Nsimba, Judith Ntumba, Eugenie Biama, Elisa Ampli, Victorine Bata, Colette Mudele, Madeleine Mabiku, Nene Ndaya, Rose Nzemba, Jacky Kibadi, Lucie Nsingi, Nene Makamba, Véro Mabengi, Rose Ntumba, Josée Ndandu, Marthe Nseya, Bertilde Manionga, Christine Suana, Rosette Luyitu, Julie Mpomo, Sophie Kukikila, Mbo Lokenga, Godé Kingumu, Léontine Kasapo, Bibiane Soma, Eugénie Mbombo, Godé Tshinguta, Thérèse Malu, Anny Makiese, Julienne Munianga, Jacqueline Kabedi, Marie Kapinga, Agnès Yemueni, Maguy Tulengi 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
Mar 28, 2009
Comment on this entry

Mes remerciements
 
Entrepreneur: Jérémie 3:16 Group
Location: Kinshasa, The Democratic Republic of the Congo

Josée Ngiengi vend des vivres frais dans son quartier. Elle a acheté avec le crédit reçu, des champignons, arachides et les chenilles pour revendre en vue d’accroitre son capital et surtout le bénéfice. Son souci est d’ouvrir un jour une chambre froide pour stocker et revendre les vivres frais. Elle est reconnaissante à tout le monde qui a contribué financièrement pour faire prospérer son affaire.


Posted by Robert Kalala from Kinshasa, The Democratic Republic of the Congo
Apr 16, 2009
Comments (2)

Kiva Help Repayment Schedule for Jérémie 3:16 Group

  Expected Repayments Actual Repayments Comments
June 2009 $1,238.61 $1,238.60 Repayment Received
July 2009 $1,238.61 $1,238.61 Repayment Received
August 2009 $1,548.25 $1,316.77 Repayment Received
September 2009 $724.53 $954.01 Delinquent