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Balongi Group
In this Group: Bondjeka, Bangoli, Nana, Claudine, Thérèse, Marthe, Lomboto, Madeleine, Jeanne, Mazala, Linto, Nsansi, Katende, Annie, Albertine, Botaka, Ilonga, Cathy, Mbo, Georgette, Mangeni, Esuka, Dadine, Lily, Yolande, Mamie
Thérèse is 30 years old and single. She lost her mother in 1991 and her father in 1997. After her parents passed away, no one could help her come out of the horrible economic situation she was experiencing without her family. Thérèse had to quit her studies and start a business. With just $100 in starting capital, she began selling canned goods, such as canned tomatoes, margarine, corned beef, milk, and sardines in 2004. With hard work and good management, she succeeded in stabilizing her business.


In November 2006, Thérèse heard an announcement at her church about Hope’s microfinance program, and she decided to join the community bank, Balongi. She has been a faithful client of Hope, receiving six loans that she regularly and completely paid back. Thérèse is now happy because she has taken control of her financial life.

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
  • 19
    View loans »
    Congo (Dem. Rep.) Loans Fundraising
  • $10,594,275
    Funds lent in using Kiva
  • 645.0
    Congo/Kinshasa Francs (CDF) = $1 USD

Success!! The loan was 100% repaid

A portion of Balongi Group's $3,475 loan helped a member to diversify her business by adding clothing.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 13, 2009
Listed
Jan 20, 2009
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2009