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Bomoko 2 Group
In this Group: Josephine, Georgette, Jessica, Alida, Pauline
Josephine, age 42, is married and has a 20 year-old child. This child is currently attending school. Josephine is representing the Bomoko 2 group. She owns a small grocery shop in Brazzaville. She has been operating this shop for one year. She will use the loan to reinforce her inventory. She will buy items such as flour, sugar, milk, and canned sardines. Her business strategy is to keep a running list of her inventory so that she does not run out of a certain product. She wants to keep her shop fully stocked at all times.
Josephine has received 4 previous loans from Kiva’s partner, HOPE Congo. She has a good repayment record. She would like to start a business selling children’s clothes. She hopes to travel abroad to China to buy the clothes to sell.

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
  • 0
    View loans »
    Congo (Rep.) Loans Fundraising
  • $2,229,225
    Funds lent in using Kiva
  • 535.7
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of Bomoko 2 Group's $4,675 loan helped a member to pay for milk, flour, and sugar.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 12, 2012
Listed
Aug 7, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013