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Main De Dieu 2 (#2) Group
In this Group: Philomene, Chadrin, Elodie, Aymar, Syabel, Bellicia, Wilfrid, Yvon
Philomene, age 50, is single and has five children aged from 13 to 32. She has three children still attending school. She also cares for her elderly mother. Philomene is representing the Main de Dieu 2 (#2) group. She sells used clothing in a market in Brazzaville. She has had this business for 22 years! She has been able to acquire valuable experience and loyal customers through the years. She will use the loan to buy a large bale of used clothes from her supplier. In Congo, used clothing is sold to vendors in large bales to be sorted and sold separately.
Philomene has received three previous loans from Kiva’s partner, HOPE Congo. She has a good repayment record. She hopes to one day travel abroad to buy merchandise for her business. She also plans on using the profits to fund her children’s future education.

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
  • 1
    View loans »
    Congo (Rep.) Loans Fundraising
  • $2,244,275
    Funds lent in using Kiva
  • 519.7
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of Main De Dieu 2 (#2) Group's $4,250 loan helped a member to pay for used clothing.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 25, 2012
Listed
Jul 6, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012