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Nzambe Malamu Plus Group
In this Group: Marcel, Okondo, Antho, Dely, Chantal, Joseph, Francois, Honoré, Célé, Makaya, Martin, Ipam, Pecos
Nzambe Malamu Plus is a group of 13 owners of small businesses chaired by Marcel. Its members are jointly liable for loans granted by Kiva to grow their businesses.

Marcel, 49, is married and operates a general store in an area located north of the capital city of Kinshasa. He has been running his business for years. He has acquired solid experience in this area. Marcel has already used seven Hope loans (a DRCongo Microfinance Program) to finance the expanding of his inventory and he paid them back correctly. Due to the high demand in his community, he intends with the next loan to buy more goods for resale in order to meet clients demand and generate additional profit. This will help him to achieve his plans to grow the business. It brings in a profit of US$122 per week. Marcel’s ambition is to expand his store. He is the father of two children whose ages are 8 and 14 years old. Both go to 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
  • 7
    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 Nzambe Malamu Plus Group's $5,000 loan helped a member to purchase additional goods for his store for resale at a profit.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
May 30, 2011
Listed
May 30, 2011
Currency Exchange Loss:
N/A
Ended:
Oct 15, 2011