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Espoir Renait 3 Group
In this Group: Arnauld, Olga, Cyr Gael, Marie, Benie, Pascaline, Amedee Patrick
Arnauld, age 27, is single with no children. He is representing the Espoir Renait 3 group. Arnauld has a butcher shop and a small restaurant. He has been operating these small businesses for 2 years. He will use the loan to buy a large refrigerator to keep his meat and other foods cold. His business strategy is to sell a large amount of meat each month to gain a large profit.

This is Arnauld's first loan with HOPE Congo, Kiva's partner. HOPE and his group are confident he will repay the loan. He wants to continue developing his business into a large operation.

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
  • $2,229,225
    Funds lent in using Kiva
  • 510.2
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of Espoir Renait 3 Group's $3,450 loan helped a member to pay for a large refrigerator.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 19, 2012
Listed
Oct 8, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013