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Les Aigles 2 Group
In this Group: Leocadie, Lumunia Chico, Gerphael, Maneleine, Huguette, Madeleine
Leocadie, age 56, is married with 2 chidlren, ages 34 and 28 years old. He represents the Les Aigles 2 group. Leocadie sells used clothing in a local market. He has been operating this business for over 20 years. He has acquired many loyal customers and a good reputation in the market. He will use the loan to buy large bales of used clothing from his supplier. In Congo, used clothing is sold in large bails that come in from other countries. His business strategy is to open is stand early in the day and to give good customer service.
Leocadie has received 4 previous loans from Kiva’ partner, HOPE Congo. He 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
  • $2,220,925
    Funds lent in using Kiva
  • 519.8
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of Les Aigles 2 Group's $5,775 loan helped a member to pay for bales of used clothing.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 23, 2012
Listed
Sep 7, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013