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Bolingo 2 (#3) Group
In this Group: Gabin Brice, Dzoumba Prisca, Raissa Chabrey, Didier, Ngamissie, Felicien
Gabin, age 34, is single and has a two-year-old son. He sells phones cards in and around Brazzaville. Phone contracts are rarely used in Congo. Most people buy a phone from a local supplier and buy phones cards to put minutes on their phone. The phone cards are sold by vendors around the city. Gabin has been a phone card vendor for seven years. He will buy more phones cards with the loan. He is very grateful for the loans because they allow him to buy many phone cards at one time which lowers the price per card.

Gabin has received one previous loan from Kiva's partner, HOPE Congo. He maintains a good repayment record. Gabin would like to build a large shop to sell his phone cards in. He hopes his son will learn the phone card business and run it someday.

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
  • 1
    View loans »
    Congo (Rep.) Loans Fundraising
  • $2,220,975
    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 (#3) Group's $3,725 loan helped a member to pay for phones 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:
Aug 15, 2012