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.
More information about this loan
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.
Please note that this Field Partner does not meet all of the minimum criteria for partnership with Kiva. HOPE Congo is a start-up MFI that is being fully backed by the HOPE International with an institutional guarantee. Because Kiva lenders are fully protected against institutional failure by the guarantee agreement, Kiva felt it was appropriate to override our minimum criteria in order to access this new market.
This is a Group Loan
About Congo (Rep.)
0View loans »
Success!! The loan was 100% repaid