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Matondo Group
In this Group: Souzane, Tabi, Pese, Filain, Clovis, Bibi, Denise, Gerardine, Jeanine, Soleil, Mukaji, Mado, Siala, Leonnie, Godelive, Luyeye, Jonas, Marie Louise, Antoine, Sophie, Claris, Honorine, Adrienne, Rigen, Maguy, Jidodo, Maguy, Therese, Timothe, Brigitte, Zizina, Monique, Christine, Bienvenue, Marie, Florence
Souzane began selling second-hand goods in 1987. Over the years, Souzane has acquired solid experience by selling both kitchen utensils and second-hand clothing, even though it was not her business. After she divorced her husband, Suzanne went through a hard time as she did not have any capital to open her business. Souzane then began to sell kitchen utensils and second-hand clothing and made a small profit in doing so.



By the end of every day, Souzane would pay back the goods’ cost and keep the little bit of profit as agreed with the owner of the items. Through her determination and hard work, she has been able to save enough money to begin her own business and build a loyal customer base that has began to pre-order utensils.



Souzane joined one of Hope’s groups named "M.", which means thanks in English, last June. With the coming loan she plans to increase her working capital and be able to buy 1 bale of second-hand clothing and kitchen utensils. This bale will enable her to generate additional profits that will allow her business to grow and change. Souzane is 53 years old and the mother of four children and she also takes care of one other child. She lives with her family in the northern suburban area of Kinshasa.

Additional Information

About HOPE DRC

HOPE International has been providing small business loans and savings services to thousands of entrepreneurs in DRC since 2004. HOPE DRC targets small business owners who can use loans to increase their inventories or invest in assets that have the potential to increase their incomes. Funds from Kiva lenders play a major role in expanding access to affordable, flexible capital for micro-entrepreneurs, 80% of whom are women.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Congo (Dem. Rep.)

  • $119
    Average annual income
  • 18
    View loans »
    Congo (Dem. Rep.) Loans Fundraising
  • $10,687,000
    Funds lent in using Kiva
  • 575.5
    Congo/Kinshasa Francs (CDF) = $1 USD

Success!! The loan was 100% repaid

A portion of Matondo Group's $3,250 loan helped a member to be able to buy 1 bale of second-hand clothing and some kitchen utensils for re-sale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 20, 2008
Listed
Dec 15, 2008
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2009