Check out other loans that are currently fundraising!
Elohim 1 Group
In this Group: Eugéne Ludovic, Ursula, Brice, Stephane, Nadia
Eugene, age 41, is married with three children, ages 5 to 25 years. He cares for his elderly father as well.

Eugene is representing the Elohim 1 group. He owns a small pharmacy where he sells different kinds of medicine. He has owned this pharmacy for 19 years! He has learned a lot over the years and can easily hear a customer’s symptoms and advise them on what medicine they should buy.

He will use the loan to buy more medicine to stock his shelves. His business strategy is to have many different products available to the customers.

Eugene has received three previous loans from Kiva’s partner HOPE Congo. He has a good repayment record. He would like to expand and open a food market and butcher shop. He hopes to be able to send a child overseas to study.

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
  • 2
    View loans »
    Congo (Rep.) Loans Fundraising
  • $2,220,975
    Funds lent in using Kiva
  • 535.7
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of Elohim 1 Group's $4,675 loan helped a member to pay for medicine.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 10, 2012
Listed
Aug 7, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013