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Balongi Plus Group
In this Group: Nelly, Bangoli, Imbolo, Bosonga, Madeleine, Jeanne, Mazala, Albertine, Ilonga, Georgette, Mamie, Gertrude, Bibiche, Yombi*, Marie-Jeanne, Lomboto, Engwanda, Céléstine , Chantal*, Oscar, Léon, Fligence, Tania*, Ngalula, Marie Paul, Mariane, Chantal, Moze*, Elvie
* not pictured
Nelly Bonjeka M. is the manager of the group “Balongi Plus” made up of 29 members firmly united to receive loans from the MFI (micro-finance institution) HOPE DRC in order to develop their businesses.

She is 40 years old, is married, and has three children who go to school.

Nelly’s main business is selling vegetables and sausages in her area. She has been a micro-entrepreneur since 1985 and each week, her business brings in a profit of $90. She likes her business and she is working hard to achieve her goal of one day opening a general store.

Nelly is a loyal client of HOPE DRC and has already received eight different loans and has repaid them properly. She intends to use this next loan to buy 10 kilograms of sausages to resell with the aim of increasing her profits.

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
  • 0
    View loans »
    Congo (Dem. Rep.) Loans Fundraising
  • $10,892,125
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Balongi Plus Group's $3,800 loan helped a member to purchase 10 kgs of sausages to resell at a profit.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 12, 2010
Listed
Feb 22, 2010
Currency Exchange Loss:
N/A
Ended:
Jun 15, 2010