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Israel 2 Group
In this Group: Georgine, Philomene, Romaine, Silvie Solange, Audette , Veronique, Joseph
Georgine, 45, is married and has 3 children aged 15 to 19. Two of her children are currently attending school. Georgine also cares for her elderly father. She represents the Israel 2 group. She sells a traditional African food called foufou. She has been selling this in a local market in Brazzaville for 1 year. Georgine plans to use her portion of the loan to buy more foufou from her supplier. She has received 2 previous loans from HOPE Congo, a Kiva partner. She has a good repayment record.

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
  • 0
    View loans »
    Congo (Rep.) Loans Fundraising
  • $2,229,225
    Funds lent in using Kiva
  • 521.4
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of Israel 2 Group's $1,850 loan helped a member to buy more foufou (a traditional African food).
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 21, 2012
Listed
Sep 6, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013