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Cité De La Gloire Plus Group
In this Group: Paulin, Sylvie, Odette, Daddy, Blandine, Béa, Béa*, Gode, Cadette, Mamie, Nkusu, Yeka, Huguette, Baba, Yuya, Vicky, Lelo, Bebe, Mahele, Kongolo, Amba, Chantal, Norbert, Suzanne, Pauline, Julie, Clotnaire, Jeanne, Baudoin, Bukaka, Pauline, Mafuta, Yaya
* not pictured
Paulin N. works in a mountainous area west of the town of Kinshasa, capital of the RDC. He is well-known in his neighborhood and beyond because of the palm oil and vegetable oil that he regularly delivers to his customers. He also sells sacks of maize and manioc.





Paulin started up his business in 1988, opening a little shop that prospered and earning him a working capital of US$ 2,000 by 1991. He was a victim of the pillaging in Kinshasa between 1991 and 1993, which destroyed and closed down his little store.





After things got back to normal, Paulin got his business going again in 1996 with a working capital of US$ 400, buying 1 sack of rice, some wheat flour, bars of soap, etc. His business went into a decline in 1999 when the currency was changed from « Zaire » to « Franc Congolais ». Despite these problems and sudden losses, Paulin worked hard to keep his business going. From 2000-2009, he diversified his business, adding the sale of palm and vegetable oils.





Wishing to find a more permanent financial aide so as to develop his business, Paulin decided to join one of the groups of IMF Hope RDC in August 2008. He has received 3 loans which he has completely reimbursed. The loan received this April has allowed him to buy 5 sacks of manioc. Presently his working capital stands at US$ 300. His business generates a weekly profit of US$ 50.





Paulin dreams of buying some trucks one day, so as to transport other merchants' goods. He is 40, married, and the father of 4 children between 6 and 16, of whom 3 are enrolled in school.

View original language description ↓
Paulin N. exerce ses activités commerciales dans une zone montagneuse à l’ouest de la ville Kinshasa, capitale de la RDC. Il est connu dans son quartier et ailleurs à cause de l’huile de palme et végétale qu’il livre régulièrement à ses clients. Il vend aussi des sacs de maїs et manioc. Paulin a débuté ses affaires en 1988 en ouvrant une boutique qui a prospéré en lui procurant un capital de $2000 en 1991. Il était victime des pillages à Kinshasa en 1991 et 1993 qui ont causé la chute et la fermeture de sa boutique. Après la reconstitution, Paulin a relancé l’activité en 1996 avec un capital de $400 en achetant 1 sac du riz, de farine de froment, du riz, des savons, etc… Son activité a encore connu une baisse en 1999 suite au changement de la monnaie « Zaire » en « Franc Congolais ». Malgré ces difficultés et pertes subites, Paulin travaillait durement en vue de maintenir son affaire. De 2000-2009, il a diversifié son affaire en ajoutant la vente de l’huile de palme et végétale. Dans le souci d’avoir un soutien financier permanent en vue de développer son commerce, Paulin a décidé de se faire membre dans un des groupes de l’IMF Hope RDC en août 2008. Il a obtenu trois crédits qu’il a totalement remboursés. Le prêt reçu en avril courant lui a permis d’acheter 5 sacs de manioc. Actuellement, son capital est $300. Son activité génère un bénéfice de $50 par semaine. Paulin rêve acheter un jour des camions pour transporter les marchandises des commercants. Il a 40 ans, marié et père de 4 enfants âgés de 6 à 16 dont trois vont à l’école.

Additional Information

About HOPE DRC

HOPE 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.

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.)

  • $119
    Average annual income
  • 11
    View loans »
    Congo (Dem. Rep.) Loans Fundraising
  • $10,955,850
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Cité De La Gloire Plus Group's $3,900 loan helped a member purchasing 5 sacks of manioc so as to bolster his business.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 14, 2009
Listed
Apr 20, 2009
Currency Exchange Loss:
N/A
Ended:
Sep 15, 2009