A loan of $6,950 helped a member to purchase additional pharmaceutical items to sell at his shop.

Matondo (1) Group's story

Armel is a member of the community bank group Matondo (1), and the leader of a subgroup of four other micro-entrepreneurs in Brazzaville, the Republic of Congo. Armel owns a small pharmacy shop in his neighborhood as well as a small drink stand. As a member of Matondo (1), Armel has taken out several small loans to keep investing in his business. He is now on his seventh loan cycle with HOPE Congo and would like to take out a loan of 700,000 XAF (Central African CFA francs) to invest in his various activities.

With this money, Armel will purchase additional pharmaceutical items to sell at his shop, as well as drinks for his drink business and phone cards to sell at his new phone cabinet. All of these small businesses help Armel to support his family of two children, his wife, and his younger brother’s schooling. After starting with just a small table selling miscellaneous items, Armel is now bursting with ideas for the future and hopes to eventually move on to solely focus on drinks and opening his drink depot, selling in bulk.

Little by little, Armel dreams of saving enough to buy his own piece of land and build his family their own home and his children being able to finish school.

In this group: Armel, Josephine, Adèle, Josephine, Hortense

Loan details

Lenders and lending teams

Loan details