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Deo-Gracias 3 Group
In this Group: Solange, Jeanne, Mireille, Roch
Solange, age 44, is married with 4 children, ages 8 to 22 years old. All 4 of her children are attending school. She is representing the Deo-Gracias 3 group. Solange owns and operates a bakery where she primarily bakes cakes. She has had this business for 5 years.

She will use the loan to buy flour and sugar for her cake making. Her business strategy is to sell cakes to all the shops in her community. She has received 1 previous loan from Kiva's partner, HOPE Congo. She repaid well on her first loan. She hopes to one day be able to start another small business, selling clothes in the market.

Additional Information

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
  • 523.6
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of Deo-Gracias 3 Group's $2,125 loan helped a member to pay for flour and sugar.
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