Total loan: $4,000

Babunga's Group

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Goma, North Kivu province, North-Kivu, Congo (DRC) / Construction

Babunga's Group's loan finished fundraising,
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A loan helped to buy 50 boards.

Babunga's Group's story

Mangaza K. is the president of the loan group Baraka-Alanine. She is the one with her hand raised, in front of the red door. On her 16th loan, she is 36 years old, married and the mother six children, four of whom attend school. The other two children are not old enough to attend school yet. Her husband is a businessman who deals in lumber. Mangaza K. helps her husband in the lumber business. She began her small business with her own money that she received from her husband. Her starting capital was $50. Her business was to sell boards along the Katindo road at Afia Bora. She has been selling lumber for 12 years. Before settling in the town of Goma, Mangaza K. sold beer in Kalehe, a village located in the south of Kivu, 180 km from the town of Goma. With her loan from the IMF Hekima, Riziki Chahi hopes to increase her turnover by buying 50 boards at $250. In the future, she plans to change to general commerce, given the fact that public environmental and conservation services have taken measures to control the cutting of wood and imposed high taxes to discourage destruction of the environment. Mangaza K. prefers to increase her savings through the IMF Hekima. Her ambition is to join the group which offers more operational advantages than the community bank of which she is a member. In addition, she hopes to do some work to her house to make it more comfortable. Mangaza K. thanks the IMF Hekima for the loans she had received without any material backing because, thanks to these loans, she is able to meet the needs of her children. The group Neema has 18 members, most of whom are women.

Translated from French by Shannon Arnold, Kiva Volunteer