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Matondo 2 Group
In this Group: Rita Christelle, Aymar Albant, Darel Belvain, Gabrielle Genevieve
Rita, age 32, is a single mother with one 16-year-old daughter. She is representing the Matondo 2 loan group. Rita makes and sells bags and sells pharmaceutical products from a small boutique near her house. She has been in this businesses for four years and is requesting this loan to buy more bag-making materials such as yarn, plastic cord and zippers. She will also use part of this loan to buy more medicines to stock in her boutique. Her business strategy is to advertise to the public and get the word out about her products.

Rita has received two previous loans from Kiva's partner, HOPE Congo, and has a very good repayment record. She wants to continue to expand her business and carry other products. She also hopes to start a small school to train girls and single mothers on how to make and sell bags. She will save some of the profits earned by her business to pay for her daughter's future studies.

Additional Information

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.)

  • $6,600
    Average annual income
  • 0
    View loans »
    Congo (Rep.) Loans Fundraising
  • $2,281,600
    Funds lent in using Kiva
  • 496.8
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of Matondo 2 Group's $2,825 loan helped a member to pay for bag-making materials and pharmaceutical products.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Apr 4, 2012
May 3, 2012
Currency Exchange Loss:
Sep 15, 2012