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Amen 2 Group
In this Group: Arsene, Geraldine, Grace, Marthe, Albertine, Bebene, Judicael, Phanuel, Rodrigue, Sara, Caroline
Arsene, age 50, is married with four children, ages 3 to 22 years old. He has two children currently attending school. He is representing the Amen 2 group.

Arsene has a stand in the market where he sells a variety of household products. He has been operating this business for three years. He will use the loan to buy boxes, plaster, and scotch tape. His business strategy is to market his products near a large depot in his market.

This is Arsene’s first loan with HOPE Congo, Kiva’s partner. His group members and HOPE are confident he will be able to repay the loan. Arsene hopes to continue to grow and have a large household goods store.

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.)

  • $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 Amen 2 Group's $4,475 loan helped a member to pay for boxes, plaster, and tape.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 14, 2012
Listed
Sep 6, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013