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La Paix 2 Group
In this Group: Marcelline, Flore Angele, Felix, Gervaise Josephine
Marcelline, age 43, is a widow with two children in school. She also cares and provides for her elderly mother. She owns a perfume shop, and has been in business for two years. Marcelline plans to use the loan to buy more perfumes, soaps, and milk to sell in her shop. Her business strategy is to offer competitive prices against other businesses in the market.

Marcelline has received three previous loans from Kiva partner HOPE Congo. She has a very good repayment record. She wants to continue to expand her business. Marcelline hopes to be able to fund both of her children's college education.

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
  • $2,220,925
    Funds lent in using Kiva
  • 496.8
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of La Paix 2 Group's $4,050 loan helped a member to pay for perfumes, soaps, and milk.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 19, 2012
Listed
May 3, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012