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Kidzunu 2 (#3) Group
In this Group: Marceline, Joslain Arnaud, Medy Tresor, Orcha Irne Rhomelle, Agnes
Marceline, age 56, is a single mother of 4 children, ages 18 to 35 years old. She also cares and provides for her 2 grandsons and niece. Marceline is representing the Kidzunu 2 (#3) group. She owns a small bakery where she makes cakes and other sweets to sell. She has been doing this for 19 years! She is known in the community for her tasty cakes. She will use the loan to buy eggs and other ingredients for cake baking. Her strategy is to buy her ingredients in bulk; that way, she receives a cheaper price.
Marceline has received 2 previous loans from HOPE Congo, Kiva's partner. She has a good repayment record. She would eventually like to start a chicken farm and sell eggs. She hopes her family will own and operate a farm one day.

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
  • 1
    View loans »
    Congo (Rep.) Loans Fundraising
  • $2,244,275
    Funds lent in using Kiva
  • 510.2
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of Kidzunu 2 (#3) Group's $3,150 loan helped a member to pay for eggs and other ingredients for her bakery.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 12, 2012
Listed
Oct 8, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013