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Agapao 2 Group
In this Group: Jean Bruno, Leocadie Euladie Lydia, Annie, Marie Celeste, Ifran Thaqis, Jean De Dieu, Edwige Amma
Jean, age 46, is single with one 12-year-old child who is currently attending school. He also cares and provides for his nephew. Jean is representing Agapao 2 Group. He has a small sewing supplies shop. He has been operating this business for 2 years. He will use the loan to buy zippers, patterns, and other materials used by tailors. His business strategy is to go to the shops or homes of tailors with his merchandise. This way the tailors do not have to leave their home or business to buy materials. He also sells his items on credit to regular customers.

This is Jean's first loan with Kiva's partner, HOPE Congo. HOPE and his group are confident he will repay the loan. He hopes to continue to grow his profits and wants to take larger loans from HOPE in the future.

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
  • 510.2
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of Agapao 2 Group's $3,200 loan helped a member to pay for zippers, patterns, and other sewing items.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 25, 2012
Listed
Oct 8, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013