Akili Baco Group
Mulunga is 55 years old, married, and the father of seven children aged 9 to 31. All of them attend school. Mulunga operates a general store to the southeast of the city of Lubumbashi, in the southeast province in the Democratic Republic of the Congo. He became a microentrepreneur in 2004. Mulunga has already received five loans from the microfinance institution HOPE DRC and has fully repaid them. He intends to use this loan to expand his inventory. He will buy cans, sacks of rice and sugar, and milk and resell them at profit. Currently he earns a profit of $120 per week. His ambition is to open another store in a different area.
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
About Congo (Dem. Rep.)
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Success!! The loan was 100% repaid