Check out some available loans that are similar to this one!
Matondo 3 Group
In this Group: Clementine, Josephine, Mbimi Jean, Boutoto Guy, Clarisse
Clementine, age 49, is a single mother with five children. She has two children still attending school. Clementine is representing the Matondo 3 group. She owns a business where she makes and sells fruit juice. She also sells tables and chairs on the side to make extra income. She will use the loan to open a small butcher shop and to buy firewood. She feels there is a need in her area for another butcher shop. She hopes to continue to make and sell her fruit juice as well. She is buying the firewood because of the lack of dependable, consistent electricity, which makes her work difficult.
Clementine has received two previous loans from Kiva's partner, HOPE Congo. She has a good repayment record. She hopes to continue to expand her business and to offer a large variety of meat in her shop. She would like to teach her family how to run her business and give it to them one day.

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
  • 4
    View loans »
    Congo (Rep.) Loans Fundraising
  • $2,265,350
    Funds lent in using Kiva
  • 498.5
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of Matondo 3 Group's $3,425 loan helped a member to pay for the start-up costs of a small butcher shop.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 4, 2012
Listed
May 9, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012