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Les Fideles 1 Group
In this Group: Julien Christopher, Claire Anastasie, Augustine, Augustine, Florence, Pierma, Louise Yvette, Albertine
Julien, age 42, is single and has three children, ages 10 to 22 years old. He has two children currently in school. He is representing the Les Fideles 1 group. Julien owns a pharmacy and has had it for 19 years! He has gained many loyal customers. He plans to use the loan to buy medicine to stock his shelves. His business strategy is to offer friendly and helpful customer service. His customers often have questions about different medicines and he tries to assist them in any way. Julien has received one loan from Kiva's partner, HOPE Congo. He did well with his first loan. He aims to operate a good pharmacy that serves the customers.

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

Success!! The loan was 100% repaid

A portion of Les Fideles 1 Group's $4,225 loan helped a member to pay for medicine.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 24, 2012
Listed
Nov 5, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013