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Agapao 3 Group
In this Group: Charlotte, Sonia Laurette, Franck Haulphi, Augustine Christine, Ida Josephine, Fridah Palmira Amelia
Franck, age 33, is single with three children between the ages of 7 and 14. All three of his children are attending school. Franck is representing the Agapao 3 group. He has a small bakery where he sells cakes and pastries. He has been operating this bakery for three years. He will use the loan to buy flour, sugar, butter, and yeast. His business strategy is to produce a lot of cakes and other sweets for people to buy. The larger the number and variety of things he offers, the more customers he attracts to his stand.

This is Franck's first loan with HOPE Congo, Kiva's partner. His group and HOPE feel confident he will repay the loan. Franck dreams of building a large business that his children can inherit one day.

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 3 Group's $2,700 loan helped a member to buy ingredients to make cakes and pastries.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Sep 25, 2012
Oct 8, 2012
Currency Exchange Loss:
Feb 15, 2013