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Prudence 2 Group
In this Group: Germaine, Macaire, Jeannette, Françoise, Colombe, Brigitte
Germaine, age 46, is divorced and has five children, aged between 10 and 31 years old. She has three children currently attending school. She also cares for her elderly mother. Germaine is representing the Prudence 2 group. She owns a small business, selling beans and peanuts at a market. She has had this business for more than 20 years! She has gained valuable experience and customer loyalty over the years. She will use the loan to buy more peanuts and beans to sell at her stand. Her business strategy is to sell her products near her clients' homes.
This is Germaine's first loan with HOPE Congo. Her group members and HOPE are confident she will repay the loan. Her future goal is to open a cement depot.

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
  • 4
    View loans »
    Congo (Rep.) Loans Fundraising
  • $2,265,350
    Funds lent in using Kiva
  • 529.2
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of Prudence 2 Group's $2,425 loan helped a member to pay for beans and peanuts.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 16, 2012
Listed
Aug 11, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012