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Jehovah Jireh 1 Group
In this Group: Solange, Laeticia, Charlotte
Solange, age 42, is single with a 24 year-old son. She also takes care of her mother. She is representing the Jehovah Jireh 1 group. Solange sells clothes and sandals in a local market. She has had this business for six years. She will use the loan in order to buy more clothing and sandals to sell. Her business strategy is to sell clothing on credit to certain customers who have earned her trust.

Solange has received four previous loans from Kiva partner HOPE Congo. She has a good repayment record. She would like to open a large clothing boutique one day. She hopes to be able to help her son study abroad and travel.

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.)

  • $6,600
    Average annual income
  • 0
    View loans »
    Congo (Rep.) Loans Fundraising
  • $2,281,600
    Funds lent in using Kiva
  • 533.4
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of Jehovah Jireh 1 Group's $3,000 loan helped a member to pay for clothing and sandals to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 9, 2012
Listed
Aug 7, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013