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Dieu Merci 1 Group
In this Group: Therese, Gislaine, Eulali
Therese, age 50, is married with 3 grown children. She has one child in college. She is representing the Dieu Merci 1 group.

Therese runs a restaurant in Brazzaville. She will use the loan to buy food and supplies for her restaurant. Her business strategy is to keep a clean and welcoming atmosphere in her restaurant. She understands that customers want to spend time in a place that is pleasing.

Therese has received 4 previous loans from Kiva's partner, HOPE Congo. She has a good repayment record. She hopes to continue to improve her restaurant and expand to selling fish as well.

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
  • $2,244,275
    Funds lent in using Kiva
  • 519.4
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of Dieu Merci 1 Group's $3,100 loan helped a member to pay for food and supplies for the restaurant.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 14, 2012
Listed
Jun 17, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013