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Volonte Divine 3 Group
In this Group: Joel , Carvalo Vivia, Guy Narcisse, Chany Valdeleine, Adolphine
Joel, age 41, is married with 2 children, ages 2 and 18. His 18 year old is currently attending school. He is representing the Volonte Divine 3 group.

Joel owns and operates a hardware store. He has had this business for 12 years, and has gained loyal customers over the years. He plans to use the loan to buy merchandise for his store, including nails, wood, and screws.

He has received 4 previous loans from HOPE Congo, Kiva's partner. He has a good repayment record. He would like to build a large hardware store one day. He hopes his children will study well in school, and be able to obtain good jobs.

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.

Please note that this Field Partner does not meet all of the minimum criteria for partnership with Kiva. HOPE Congo is a start-up MFI that is being fully backed by the HOPE International with an institutional guarantee. Because Kiva lenders are fully protected against institutional failure by the guarantee agreement, Kiva felt it was appropriate to override our minimum criteria in order to access this new market.

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
  • 1
    View loans »
    Congo (Rep.) Loans Fundraising
  • $2,193,950
    Funds lent in using Kiva
  • 505.9
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of Volonte Divine 3 Group's $4,950 loan helped a member to pay for merchandise for his hardware store, including nails, wood, and screws.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 23, 2012
Listed
Nov 5, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2013