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La Fidelite 2 (#2) Group
In this Group: Serge Olivier, Alexis Rufin, Bernadette
Serge is 45, single, and has 3 children ages 6 to 18. All of his children currently attend school. He is representing the La Fidelite 2 (#2) Group. Serge owns a laundry business and has been operating for over 10 years! He will use the loan to buy another washing machine.

Serge's business strategy is to do better work than his competitors. He believes he does a better job at cleaning and folding the clothes.

Serge has received 4 previous loans from HOPE Congo, Kiva's partner, and has a good repayment record. He plans to open other laundry shops around Brazzaville and hopes his children will be able to go to college in the future.

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
  • 2
    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 (#2) Group's $2,950 loan helped a member to pay for a new washing machine.
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