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Bwanya Group
In this Group: Marie, Tshanda, Germaine, Limbaya, Annie, Mimi, Menima, Anne, Thérèse, Hernesine, Charlotte, Bisewu, Georgette, Lembe, Sylvie, Colette, Chantal, Didier, Anna, Josée, Mishoma, Nkola, Mamie, Viviane, Doudou, Marie Josée, Aimée, Maguy, Bluvie, Alain, Ndumbanga, Mamie, Mwema, Ngalula, Louisette, Mireille, Pisi, Véronique, Getou, Victor, Sam, Alexis
Nkola operates five radios in different parts of Kinshasa to help people who do not have cell phones communicate with their relatives and friends in different villages. He started his business in 1983. He is well-known in this field and has developed many relationships. His beginning capital was US$ 250. The business was challenging to him at first because he did not know much about running a radio. He also had to navigate renting a place, obtaining legal documents, and determining his employee’s wages. As a beginner in the field, he had to be very careful.



With determination and good management, he succeeded and was gradually able to increase his working capital from his profit and buy four more radios. His business is prospering and makes a profit of about US$ 500 per month. As Nkola has a vision of opening a big wholesale shop to provide business coming from villages, he decided to join one of Hope’s groups named “Bwanya,” meaning “Worthy” in English, last September. He plans to diversify his business with his loans by adding foods such as fresh fish, sacks of corn and miscellaneous other items. Nkola is 56 years old. He is married and the father of eight children between the ages of 10 and 39. Two of them live at home and are in 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.)

  • $119
    Average annual income
  • 0
    View loans »
    Congo (Dem. Rep.) Loans Fundraising
  • $10,380,525
    Funds lent in using Kiva
  • 665.0
    Congo/Kinshasa Francs (CDF) = $1 USD

Success!! The loan was 100% repaid

A portion of Bwanya Group's $4,175 loan helped a member to diversify the business by selling foods such as fresh fish, etc.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 13, 2009
Listed
Jan 22, 2009
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2009