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Jehovah Jireh 2 Group
In this Group: Arnauline, Blanche, Francoise, Ghislain
Arnauline, age 31, is a single mother of a 4 year old child. Her mother lives with her and Arnauline provides for the family. She is representing the Jehovah Jireh 2 group.

Arnauline owns a used clothing stand in a market. She has owned this small business for 10 years. She will use the loan to buy large bales of used clothing from her supplier. In the Congo, used clothing is combined into large bundles, bought my vendors, and then separated out to be sold separately. Her business strategy is to have regular sales to attract customers to her stand.

Arnauline has received 4 previous loans from HOPE Congo. She has a good repayment record. She hopes to move from her stand into a boutique in the future.

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
  • 535.7
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of Jehovah Jireh 2 Group's $3,925 loan helped a member to pay for bales of used clothing.
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