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Deo-Gracias 2 Group
In this Group: Clarisse , Jean Patrice, Marie, Leticia, Aurelie
Clarisse is 44 years old, married, with six children, ages 5 to 26 years old. She has three children attending school. She also cares for her father.

Clarisse is representing the Deo-Gracias 2 group. She sells children's clothing and has been operating this business for five years. She will use the loan to buy children's clothing and sandals to restock her supply. Her business strategy is to keep a large variety and quantity of clothes at her stand. She is also willing to negotiate with clients and find the best price.

Clarisse has received one previous loan from Kiva's partner, HOPE Congo. She did well with her first loan. She would like to open up a grocery stand one day. She is saving and planning for this transition.

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.

Please note that this Field Partner does not meet all of the minimum criteria for partnership with Kiva. HOPE Congo is a start-up MFI that is being fully backed by the HOPE International with an institutional guarantee. Because Kiva lenders are fully protected against institutional failure by the guarantee agreement, Kiva felt it was appropriate to override our minimum criteria in order to access this new market.

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
  • $2,177,650
    Funds lent in using Kiva
  • 523.6
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of Deo-Gracias 2 Group's $2,600 loan helped a member to buy children's clothing and sandals to restock her supply.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 27, 2012
Listed
Jul 9, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012