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Matondo 4 Group
In this Group: Blood Marina, Landry Serge , Dissoukidi Armelle, Ba Dimba
Blood is a 30-year-old single woman with no children. She represents the Matondo 4 group. She knits clothes, doilies, and other items to sell in a local market. She has been doing this for the past 5 years, and has become very talented. She will use the loan to buy yarn, string, and other materials needed to knit. Her main problem is the scarcity of the materials she needs. She will buy the materials in bulk with this loan.
Blood has received two previous loans from Kiva's partner, HOPE Congo. She has a good repayment record. She dreams of opening a training school to teach others how to knit and do other crafts. She hopes to continue to take the loans because they help improve her family's life.

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