A loan of $3,475 helped a member to diversify her business by adding clothing.

Balongi Group's story

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.

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
*not pictured

Loan details

Lenders and lending teams

Loan details