A loan of $6,000 helped a member to increase his store’s stock by buying cans, sacks of rice and sugar, and milk.

Akili Baco Group's story

Mulunga is the chairman of the community bank named Akili Baco which means “intelligence” in English. It is composed of 13 members united in solidarity for receiving Kiva loans with the goal of developing their businesses.

Mulunga is 55 years old, married, and the father of seven children aged 9 to 31. All of them attend school. Mulunga operates a general store to the southeast of the city of Lubumbashi, in the southeast province in the Democratic Republic of the Congo. He became a microentrepreneur in 2004. Mulunga has already received five loans from the microfinance institution HOPE DRC and has fully repaid them. He intends to use this loan to expand his inventory. He will buy cans, sacks of rice and sugar, and milk and resell them at profit. Currently he earns a profit of $120 per week. His ambition is to open another store in a different area.

In this group: Mulunga, Berna, Mwamini, Victorine, Marie, Astride, Elisab, Aimérance*, Kasongo , Solange, Aline, Tantine, Carmen
*not pictured

Loan details

Lenders and lending teams

Loan details