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La Solidarite Group
In this Group: Rufin, Eurydice Maclos, Marcel, Rebecca Achille
Rufin, age 38, is married with one 2-year-old baby. He also provides for his 16-year-old niece. Rufin is representing La Solidarite Group. He currently sells bread at a stand in the market. He has been selling bread for 6 years. He will use the loan to expand his bread stand to become a grocery stand. He is excited to be able to expand his business and begin making a larger profit. His business strategy is to make his returning customers happy by offering them lower prices.

Rufin has received 4 previous loans from HOPE Congo, Kiva's partner. He has a very good repayment record. He hopes to continue to expand his business. He wants his family to be happy and for their needs to be met.

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.)

  • $6,600
    Average annual income
  • 0
    View loans »
    Congo (Rep.) Loans Fundraising
  • $2,281,600
    Funds lent in using Kiva
  • 510.2
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of La Solidarite Group's $4,125 loan helped a member to pay for the opening of a grocery stand.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 24, 2012
Listed
Oct 8, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2013