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Bolingo 2 (#1) Group
In this Group: Godefroid, Eugenie, Ngongo Judith, Guy Celestin, Sebastien, Matymbou Dorian
Godefroid, age 39, is married with four children. His youngest child is two years old and his oldest is 18 years old. He has a business selling phone cards. Cell phone contracts are rare in Congo. Most people buy their phone from a local provider, and then purchase minutes to put on their phone as needed. A phone is "recharged" with minutes by buying a phone card from a vendor and typing the code into the phone. Godefroid will use the loan to buy more phones cards from the local cell phone providers. He has had this successful business for five years. His strategy is to sell his cards in busy, crowded, and high traffic areas.

Godefroid has received three previous loans from Kiva's partner, HOPE Congo. He has a very good repayment record. He would like to build a permanent shop for his business one day. He uses the profits from his business to keep his children in school. He hopes they will continue in their education and become successful adults.

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.

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 (Rep.)

  • $2,250
    Average annual income
  • 4
    View loans »
    Congo (Rep.) Loans Fundraising
  • $2,265,350
    Funds lent in using Kiva
  • 499.2
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of Bolingo 2 (#1) Group's $3,525 loan helped a member to buy additional phone cards to sell.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 2, 2012
Listed
Apr 16, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012