Total loan: $6,000
Israel Baco Group
Lubumbashi, Katanga, Congo (DRC) / Food
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A loan helped to purchase poultry products in bulk and resell them at a profit.
Israel Baco Group's story
“Israel BACO” is a group of 13 owners of small businesses chaired by Venant. Its members are jointly liable for loans granted by Kiva to grow their businesses. Venant is 71 years old and married. He sells poultry products on a retail basis. He started his business in 2008. He likes his business because it makes enough profit to support his family financially. His business brings in US$35 per week. Venant is a loyal client of IMF HOPE RDC who has already received five different loans and has repaid them properly. Due to the high demand of his clients, Venant decided to use the next loan to increase the inventory of his products by purchasing more products in bulk to resell them at a profit in order to increase the profits. Venant is the father of five children whose ages vary between 6 and 14 years old. Four of them attend school.