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Matondo 1 Group
In this Group: Aimee Blanche, Veronique , Raissa Ingrid, Marie Flora
Aimee is 35 years old, married and has four children, all of whom are in school. She represents the Matondo 1 group and has earned a living for the last two years by making and selling beignets in a local market. She will use this loan to buy sacks of flour and sugar, oil and firewood. Her business strategy is to sell her beignets very early in the day, when demand is highest. Aimee has received two previous loans from Kiva's partner, HOPE Congo, and has a good repayment record. Her dream is to one day open a cafeteria. As her business continues to grow, she hopes to be able to buy a plot of land and build a house 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.

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
  • 0
    View loans »
    Congo (Rep.) Loans Fundraising
  • $2,237,475
    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 1 Group's $2,325 loan helped a member to buy sacks of flour and sugar, oil, and firewood.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 4, 2012
Listed
May 3, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012