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La Fraternite 3 (1) Group
In this Group: Daniel, Joviale Prestige, Treich Achita, Rita, Judith, Imelda, Albertine
Daniel, age 29, is married with two children ages 1 and 10 years old. His 10 year old is currently going to school. Daniel is representing the La Fraternite 3 (1) group. He owns a small grocery shop in a local market. He has had this business for three years. He will use the loan to buy merchandise for his shop, including cans of sardines, sugar, oil, and milk. His business strategy is to buy a variety of things to stock his shelves. He wants to provide many options for his customers.
Daniel has received two previous loans from Kiva's partner, HOPE Congo. He has a good repayment record. He wants to continue to expand his business and grow his profits. Daniel hopes his family will have money to provide for their needs and be prosperous. He would like his children to be able to travel.

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
  • 505.1
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of La Fraternite 3 (1) Group's $3,475 loan helped a member to pay for products for his grocery stand, including cans of sardines, sugar, oil, and milk.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 15, 2012
Listed
Dec 2, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2013