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Eben Ezer (#3) Group
In this Group: Merline Melanie, Chantale, Augustine, Antoinette, Lelo Betille
Merline, age 37, is single with one 14 year old daughter. She also takes care of her elderly father. Merline is representing the Eben Ezer (#3) group. She sells fish at a local market in Brazzaville and has been selling fish for 9 years! Over the years, she has acquired many customers and much experience. Merline will use the loan to buy fish in bulk, which gives her a cheaper price per fish and greater bargaining power with her supplier. Her business strategy is to offer a large variety of fish to attract more customers. Merline has received 4 previous loans with Kiva's partner, HOPE Congo. She has a good repayment record. She wants to continue to grow her fish sales and become a large business. She plans to use the profits from her business to send her daughter overseas to study.

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

Success!! The loan was 100% repaid

A portion of Eben Ezer (#3) Group's $5,375 loan helped a member to buy fish in bulk.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 2, 2012
Listed
May 24, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012