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Luzolo Plus Group
In this Group: Nzuzi, Bitilon, Jean - Claude, Béatrice, Nathalie, Justin, Florette, Anna, Rachel, Toussaint, Fabrice, Anderson, Mbombo, Colette, Claudine
Nzuzi D., aged 42, is the manager of a Community Bank named “Luzolo Plus”. It is composed of 15 members united in solidarity for receiving Kiva loans with the goal of developing their businesses.

Nzuzi single, has been part of the micro-enterprise world since 1988. He sells beverages. His business is located to the south-west of Kinshasa. Nzuzi has already received six times the MFI HOPE DRC loans and repaid them correctly. The loan he will obtain next will be used to buy more crates of drinks to resell retail with the goal of increasing his profits. His business generates a profit of $73 per week. Nzuzi’s ambition is to become a beverage provider in his area. He has a son and takes care of two other children who attend school.

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.)

  • $700
    Average annual income
  • 6
    View loans »
    Congo (Dem. Rep.) Loans Fundraising
  • $11,618,125
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Luzolo Plus Group's $2,275 loan helped a member to increase the inventory of his business by buying crates of beverages to resell at a profit.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 27, 2010
Listed
Sep 28, 2010
Currency Exchange Loss:
N/A
Ended:
Feb 17, 2011