Check out other loans that are currently fundraising!
La Lumiere 1 Group
In this Group: Gabriel Huguette, Andre Rufin, Nicia Kodat, Victorine, Robert, Lucienne
Gabriel, age 45, is married with 7 children, ages 7 to 30 years old. She has 4 children currently attending school. She also cares for her elderly father. Gabriel is representing the La Lumiere 1 group. She runs a small bakery where she makes beignets. She has been selling beignets in a local market in Brazzaville for 20 years! She will use the loan to buy flour, oil, sugar, corn, and firewood. Her business strategy is simple: to make good tasting beignets. She also sells them at a competitive price.

Gabriel has received 1 previous loan from Kiva's partner, HOPE Congo. She has a good repayment record. She hopes to use some of her business profits to enable her children to study abroad.

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
  • 4
    View loans »
    Congo (Rep.) Loans Fundraising
  • $2,265,350
    Funds lent in using Kiva
  • 523.6
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of La Lumiere 1 Group's $5,750 loan helped a member to pay for flour, oil, sugar, corn, and firewood.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 28, 2012
Listed
Jul 9, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013