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Totambola Malamu Plus Group
In this Group: Falga, Honoré, Adèle, Régine, Julie, Julienne, Colegeen, Fanny, Alfred, Ibrahim, Dallas, Rose, Irène, Kumba, Jean Claude, Mbabaluka*, Manitu, Mansanga*, Adolphine, Mbemba, Bernadette, Gisèle, Chora*, Muteba, Jeanne, Anne, Daniel, Hélène, Valentine, Tshibin , Deve
* not pictured
“Totambola Malamu Plus” is a group of 31 owners of small businesses chaired by Falga. Its members are jointly liable for loans granted by Kiva to grow their businesses.

Falga sells miscellaneous goods such as soft drinks, corn and cassava flour, palm oil, soaps, etc. He has been a micro-entrepreneur since 2011. He is a hard-working man who has demonstrated some abilities in business such as organization and good management. Falga is planning with the next loan to increase the stock of his goods in order to meet the high demand of his customers in his community. He is confident about his business. He knows how to attract his customers by offering what they need and like. He is also diplomatic when he talks with his clients. Falga’s business brings in about US $45 of profit per week. He is 21 years old and single. His dream is to become a wholesaler in his community.

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
  • 10
    View loans »
    Congo (Dem. Rep.) Loans Fundraising
  • $10,485,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Totambola Malamu Plus Group's $5,550 loan helped a member to purchase additional goods for resale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 23, 2012
Listed
Jun 1, 2012
Currency Exchange Loss:
N/A
Ended:
Oct 15, 2012