Super Group

Ferdinand sells clothing, watches, necklaces and school stationery. Before moving to Kinshasa, he taught in the Equator province in the DRCongo. In 1987 he started his first business with a working capital of US$ 15. He was selling sugar, salt, soaps, toilet paper, candles, matches and so on in his village. From 1987 to 1997, his business was prosperous and he increased his working capital to US$ 400.

From 1997 to 2000, the Equator province was invaded by the war from eastern Congo, and people were forced to leave their homes. He and his family moved to Mbandaka, the main town of the province. From 2000 to 2003, he continued running his business there with restriction due to the war. In 2004 he fell sick and was very often hospitalized for almost a year. He suffered from malaria and bronchitis. He used almost all of his business working capital for medical care.

After recovering, Ferdinand decided to change his business and started to sell lamp oil in 2005 once again with a working capital of US$ 15. He worked very hard, and with good management he increased his working capital to US$ 300 in 2007. After learning through a friend about Hope’s loan program, he decided to join one of its groups in the same year.

Ferdinand has already received five loans from Hope that he repaid correctly. With his next loan he plans to extend his business by adding others items such as bracelets and earrings. His dream is to purchase second-hand appliances from Europe and sell them in Kinshasa. Ferdinand is 52 years old and a father of 5 children between the ages 13 and 27 of whom four go to school and the oldest is independent. Ferdinand runs his business in the northeastern part of Kinshasa.





About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn more

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