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Les Dix Commandements 2 Group
In this Group: Sylvie, Betagine, Joseline, Valentine, Nelly, Marie
Sylvie, 35, is a single mother of 2-year-old twins. She is representing the Les Dix Commandements 2 group. She has a grocery shop where she sells food and household products. She also has a small butcher shop where she sells different cuts of chicken, beef, and fish. She has been operating these businesses for 7 years.

Sylvie plans to use her loan to replenish the merchandise in her grocery shop. She wants to buy a variety of dishes and drinks. Her business strategy is to market her business on signs and in local magazines and newspapers. Sylvie has received 3 previous loans from HOPE Congo, Kiva's partner. She has a good repayment record. She hopes to continue to grow her businesses and begin traveling abroad to purchase merchandise. She wants to begin importing items in the future.

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
  • 505.9
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of Les Dix Commandements 2 Group's $5,950 loan helped a member to pay for dishes and drinks to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 25, 2012
Listed
Nov 5, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2013