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Abondance 2 Group
In this Group: Felicite, Mireille, Adreche, Kevin, Pepin, Lucie
Felicite, a 45-year-old single mother of five children ranging in age from 11 to 27 years, also cares for her elderly mother. Felicite, who is representing the Abondance 2 group, owns a small grocery stand that has been in operation for three years. She will use this loan to buy various food products to restock her stand. Her business strategy is to give friendly and helpful customer service, and to offer a wide variety of items in her stand.

Felicite has received one previous loan from HOPE Congo, Kiva’s partner. She has a good repayment record and in the future would like to travel out of Brazzaville to buy clothes to sell in her store.

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
  • 521.4
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of Abondance 2 Group's $3,475 loan helped a member to pay for various food products such as sardines, flour, and milk.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Aug 14, 2012
Sep 5, 2012
Currency Exchange Loss:
Jan 15, 2013