Check out some available loans that are similar to this one!
Christ Roi 1 Group
In this Group: Brice, Rosia, Albertine, Kevi, Laurentine, Yengha
Brice, age 42, is married with a 21-year-old child. He also provides and cares for his grandmother. Brice is representing the Christ Roi 1 group. He owns a grocery stand where he sells a variety of food products. He has had this business for over 15 years! His business strategy is to open early in the morning when many other stands are not open yet. He will use the loan to buy merchandise for his stand, including, sugar, soap, and drinks.

Brice has received 4 previous loans from Kiva’s partner, HOPE Congo. He has a good repayment record. Brice hopes to build an actual building for his business one day. He also wants to use his profits to help his child study at a university.

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
  • 2
    View loans »
    Congo (Rep.) Loans Fundraising
  • $2,244,275
    Funds lent in using Kiva
  • 520.9
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of Christ Roi 1 Group's $5,775 loan helped a member to pay for milk, sugar, and soap.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 26, 2012
Listed
Jul 7, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013