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La Richesse 2 (#3) Group
In this Group: Jean Jacques, Marie Jeanne, Sylvie, Koundzika, Anicet
Jean, age 40, is married and has a 12-year-old child. He also cares for his father in his home. Jean is representing the La Richesse 2 #3 group.

Jean owns a drink store and has had this business for 2 years. He will use the loan to restock his store with local and imported drinks. His business strategy is to keep his store clean and organized. He wants to keep the atmosphere in his store pleasing for the customers.

Jean has received 3 previous loans from Kiva’s partner, HOPE Congo. He has a good repayment record. In the future, he wants to expand his business and products by buying a soft-serve ice cream machine and an ice machine. He wants to continue to grow his business because it is helping him to provide a better life for his family.

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
  • $2,229,225
    Funds lent in using Kiva
  • 525.6
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of La Richesse 2 (#3) Group's $3,250 loan helped a member buy softdrinks to resell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 12, 2012
Listed
Jun 14, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012