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Amour Du Prochain 1 Group
In this Group: Jean Pierre, Ursula, Zoe, Antoinette, Medine
Jean Pierre is married with two children. He also cares and provides for his elderly father. Jean Pierre is representing the Amour du Prochain 1 group. He sells sandals in a local market. He has been operating this business for over five years. He will use this loan to buy sandals to reinforce his merchandise. His business strategy is to open his business early and on a consistent basis at a consistent time. He also feels it is important to keep his area clean and organized for the customers.

Jean Pierre has received four previous loans from Kiva's partner, HOPE Congo. He has a good repayment record. He wants to grow his business into a large shoe store.

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.)

  • $6,600
    Average annual income
  • 0
    View loans »
    Congo (Rep.) Loans Fundraising
  • $2,281,600
    Funds lent in using Kiva
  • 519.4
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of Amour Du Prochain 1 Group's $5,600 loan helped a member to pay for sandals.
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