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La Delivrance 2 (#1) Group
In this Group: Lazare , Sidney, Chrisler, Georgette, Lander, Gracia, Nadege
Lazare, age 57, is married with five children, ages 7 to 32 years old. He has two children currently attending school. Lazare is representing the La Deliverance 2 (#1) group. He owns a small bakery and cafe. He has had this small business for two years. He will use the loan to buy fish, chicken, and beef. His business strategy is to sell the bread and food that customers prefer.
This is Lazare’s first loan from Kiva’s partner, HOPE Congo. His group and HOPE are confident he will use the loan wisely and be able to repay it.

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
  • 519.8
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of La Delivrance 2 (#1) Group's $3,675 loan helped a member to pay for fish, chicken, and beef.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 23, 2012
Listed
Sep 7, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013