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Josephine, age 60, is married with 3 children who are all out of school. She owns and operates a bakery where she makes pastries, cakes, and breads. She has operated this business for 16 years. She will use the loan to buy sugar, flour, yeast, oil and firewood. Through her 16 years of experience she has gained great skill in baking her products. She has acquired many loyal customers who enjoy her baked goods.

Josephine has received 3 previous loans from Kiva's partner, HOPE Congo. She has a very good repayment record with them. As her business continues to grow, she hopes to soon be able to hire employees to enable her to expand the business' capacity. She hopes to use some of the additional profits to buy a piece of land and build a home for her family.

Additional Information

More information about this loan

Important Information

About HOPE Congo S.A.: HOPE Congo S.A. is a start-up microfinance institution located in Brazzaville, Republic of the Congo. As of 2009, the Republic of the Congo was the 136th-ranked country in the United Nations Development Programme’s Human Development Index. The average life expectancy is in the low 50s and food insecurity poses a constant threat to ordinary people’s well-being. Through the creation of community banks, HOPE Congo provides credit, savings, and training for entrepreneurs in Brazzaville. With their services, they aim to nourish a culture of saving and an independent community of responsible and self-sustaining entrepreneurs.

About Congo (Rep.)

  • $2,250
    Average annual income
  • 4
    View loans »
    Congo (Rep.) Loans Fundraising
  • $2,265,350
    Funds lent in using Kiva
  • 500.9
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Josephine to pay for flour, sugar, yeast, oil and firewood.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Feb 29, 2012
Mar 15, 2012
Currency Exchange Loss:
Sep 15, 2012