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La Révélation Group
In this Group: Matthieu, Rushingwa, Bishweka, Mugondo, Kahiro, Rubavu, Mulezi, Mirindi
Mugondo is a committed businessman and member of the business group 'La Révélation'. He is 52 years old and father to ten children of whom five currently attend school and five others are already married. He is a foreign exchange trader in the centre of town, and his wife is a housekeeper. He began his business ten years ago and it has grown steadily ever since. The sale of a plot of land provided the necessary funds to start the business.

Mugondo has requested this loan from the field partner, Hekima, in order to buy foreign currencies.

In the future, Mugondo would like to build a house, educate and feed his children.

He is grateful to Hekima for the support which they offer to non-bankable, small entrepreneurs.
View original language description ↓
Mugondo est un vaillant commerçant et membre du groupe d’affaires « La Révélation », âgé de 52 ans père de 10 enfants dont 5 étudient et 5 autres sont déjà maries. Il est un changeur de monnaie (Cambiste) dans le centre ville. Sa conjointe est ménagère. Il a sollicité un crédit auprès de Hekima. Il va améliorer son travail des changes, qu’il a choisi comme activité principale et accroitre son capital depuis 10 ans. Ce nouveau prêt va lui servir d'acheter les devises étrangères. Il commença avec de fonds reçu après vente d’une parcelle. Dans l’avenir, il souhaite construire une maison, scolariser et nourrir ses enfants. Au finish, il remercie Hekima pour son soutien aux petits entrepreneurs non bancables.

Additional Information

More information about this loan


Important Information

HEKIMA is a microfinance institution headquartered in Goma, Democratic Republic of the Congo (DRC), with branch offices in Goma and Bukavu. HEKIMA aims to contribute to the transformation of the economic, social, and spiritual lives of the economically active poor of the DRC. To this end, HEKIMA provides its clients with solidarity group loans to support income-generating activities. Despite ongoing instability and violence in its operating areas, HEKIMA continues to keep its doors open and provide credit and savings services for its over 90% female clientele.

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.

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About Congo (Dem. Rep.)

  • $119
    Average annual income
  • 6
    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 La Révélation Group's $8,000 loan helped a member to buy foreign currencies for his exchange business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 20, 2014
Listed
Mar 23, 2014
Currency Exchange Loss:
N/A
Ended:
Sep 17, 2014