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La Reconnaissance Group
In this Group: Zephyrin*, Simon, Rita, Basile, Aurelie, Lydie Solange
* not pictured
Zephyrin, age 50, is married with 2 children, who are 14 and 17 years old and currently attend school. He is representing the La Reconnaissance group. Zephyrin has a stand in the market where he sells food. He has been selling in the market for over 10 years and has acquired a good reputation and loyal customers. Zephyrin will use the loan to buy seasonal fruit, palm oil, and beef. His business strategy is to sell his 2-3 day old meat to one of his group members who has a restaurant. He sells it at a cheaper price, but still makes a small profit. He would normally make a loss on this meat and have to throw it away.

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
  • 4
    View loans »
    Congo (Rep.) Loans Fundraising
  • $2,265,350
    Funds lent in using Kiva
  • 512.0
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of La Reconnaissance Group's $5,875 loan helped a member to buy seasonal fruit, palm oil, and beef to stock his food stand.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 18, 2012
Listed
Oct 8, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2013