Salam Plus Kis Group
N’sila sells palm oil, rice, and corn at the I.A.T market in the city of Kisangani. Since 2000, he has gained a fair amount of small business experience. Selling fuel was his first business with $20 in initial capital. Over the years, he changed businesses and has managed to establish a loyal customer base for advancing his business.
His ambitions are, first of all, to take business trips in the future with the aim of supplying the people of the city with sought-after goods. Secondly, it’s to build a house for his family. He obtained five loans from the micro-finance institution HOPE RDC, and he repaid them appropriately. Right now, his business generates a profit of $40 a week. Given the ever-increasing demand, the loan he’ll receive next will allow him to bolster his inventory of merchandise by purchasing food items of the same type.
N’sila is 36 years old, married, and the father of two girls and two boys, ages 8 to 16. Three of them are in school.
N’sila vend de l’huile de palme, du riz, du maїs au marché I.A.T dans la ville de Kisangani. Il a depuis 2000 an gagné assez d’expériences dans le petit commerce. La vente du carburant fut sa première activité avec un capital initial de $20. Au fil des ans, N’sila a changé d’activité et est parvenu à se constituer une clientèle fidèle pour l’avancement de son affaire. Ses ambitions sont, premièrement, effectuer des voyages d’affaires à l’avenir en vue de fournir à la population de la ville des produits sollicités. Deuxièmement, construire une maison pour sa famille. Il a obtenu 5 fois les crédits de l’IMF HOPE RDC et a remboursé correctement. Actuellement, son affaire lui génère un bénéfice de $40 par semaine. Vu la demande qui ne cesse d’augmenter, le prêt qu’il recevra prochainement lui permettra de renforcer le stock des marchandises en achetant des produits alimentaires du même genre. N’sila est âgé de 36 ans, marié et père de 2 filles et 2 garçons âgés entre 8 et 16 ans dont trois d’entre eux sont scolarisés.
About HOPE DRCHOPE 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.)
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Success!! The loan was 100% repaid