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La Fidelite 2 (#1) Group
In this Group: Victorine, Judith, Berndaine, Armand Thedy
Victorine, age 52, is married with 3 children, ages 25 to 30 years. One of her children currently attends university. She also cares for her young niece. Victorine represents the Fidelite 2 (#1) group. She sells salted fish at a stand in the market. She has had this business for more than 10 years. She will use the loan to buy more salted fish. Her business strategy is to take a taxi and sell the fish at different locations during the week. She has found some good areas where she sells a lot of fish.

Victorine has received four previous loans from HOPE Congo, Kiva's partner. She has a good repayment record. She hopes to continue to grow her business.

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
  • 512.0
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of La Fidelite 2 (#1) Group's $3,925 loan helped a member to buy salted fish.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 26, 2012
Listed
Oct 2, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2013