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Prudence 1 Group
In this Group: Leonie, Nestor, Berline, Edite, Victorine
Leonie, age 42, is a single mother of three children, ages 15 to 23. She also cares for her elderly father. She is representing the Prudence 1 group. Leonie has a small business selling yogurt and other food items at a stand in the market. She has been operating this business for three years. She will use the loan to buy flour, sugar, and milk. Her business strategy is to be friendly and helpful to all of her customers.
This is Leonie's first loan from Kiva's partner, HOPE Congo. Her group and HOPE trust that she is a good business owner and will repay the loan. In the future, she hopes to travel abroad to buy clothing and then sell it back in Brazzaville.

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
  • 538.8
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of Prudence 1 Group's $2,050 loan helped a member to pay for milk, sugar, and flour.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 16, 2012
Listed
Aug 10, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012