A loan of $3,900 helped a member purchasing 5 sacks of manioc so as to bolster his business.


Cité De La Gloire Plus Group's story

Paulin N. works in a mountainous area west of the town of Kinshasa, capital of the RDC. He is well-known in his neighborhood and beyond because of the palm oil and vegetable oil that he regularly delivers to his customers. He also sells sacks of maize and manioc.

Paulin started up his business in 1988, opening a little shop that prospered and earning him a working capital of US$ 2,000 by 1991. He was a victim of the pillaging in Kinshasa between 1991 and 1993, which destroyed and closed down his little store.

After things got back to normal, Paulin got his business going again in 1996 with a working capital of US$ 400, buying 1 sack of rice, some wheat flour, bars of soap, etc. His business went into a decline in 1999 when the currency was changed from « Zaire » to « Franc Congolais ». Despite these problems and sudden losses, Paulin worked hard to keep his business going. From 2000-2009, he diversified his business, adding the sale of palm and vegetable oils.

Wishing to find a more permanent financial aide so as to develop his business, Paulin decided to join one of the groups of IMF Hope RDC in August 2008. He has received 3 loans which he has completely reimbursed. The loan received this April has allowed him to buy 5 sacks of manioc. Presently his working capital stands at US$ 300. His business generates a weekly profit of US$ 50.

Paulin dreams of buying some trucks one day, so as to transport other merchants' goods. He is 40, married, and the father of 4 children between 6 and 16, of whom 3 are enrolled in school.

In this group: Paulin, Sylvie, Odette, Daddy, Blandine, Béa, Béa*, Gode, Cadette, Mamie, Nkusu, Yeka, Huguette, Baba, Yuya, Vicky, Lelo, Bebe, Mahele, Kongolo, Amba, Chantal, Norbert, Suzanne, Pauline, Julie, Clotnaire, Jeanne, Baudoin, Bukaka, Pauline, Mafuta, Yaya
*not pictured

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Translated from French by Kiva volunteer Teresa Kramer



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