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La Grace Divine 2 (#1) Group
In this Group: Suzanne , Anasthasie, Badiata Reine, Vouala , Lioli Zoe Valerie, Lemba Dominique, Bassoukissa
Suzanne, age 52, is a single mother with 5 children. She has 2 children still attending school. She also cares and provides for her elderly mother. Suzanne is representing the Grace Divine 2 (#1) borrowers' group. She operates an internet cafe in her local community, a business she has had for 4 years, and also owns a small food stand for extra income. She plans on using the loan to buy another computer and printer for the cafe. Her business strategy is to buy quality and modern computer equipment to attract customers. She saves until she can buy a good piece of equipment instead of buying many cheap pieces. Suzanne has received 1 previous loan from Kiva's partner, HOPE Congo. She has a good repayment record. As she continues to grow her internet cafe, Suzanne's goal is to open more cafes around Brazzaville. She hopes to use some of the profits from her business to send her children to study in Europe.

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
  • 503.4
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of La Grace Divine 2 (#1) Group's $4,775 loan helped a member to pay for a new printer and computer.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 16, 2012
Listed
May 24, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012