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La Fraternite 3 (3) Group
In this Group: Clyde Guichard, Ange Florent, Prisca Edwige, Elisabeth Arlette, Magalie Natacha, Jean Marie, Aminata Ladji, Fortunee Cheraline, Kadidia
Clyde, age 37, is engaged to be married and has two children, 2 and 10 years old. His 10-year-old is in school. Clyde is representing the La Fraternité 3 (3) group. He owns and operates a small grocery stand in Brazzaville. He has had this business for five years and has gained the loyalty of his customers. He will use the loan to buy cookies, candy, and soap for his shop. His business strategy is to offer snack food, such as bread with cheese or chocolate. Most customers will buy a small snack while they are shopping.
Clyde has received one previous loan from HOPE Congo, Kiva's partner. He has a good repayment record. He wants to build his own boutique in the future. He hopes his children will study and do well in school.

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
  • 0
    View loans »
    Congo (Rep.) Loans Fundraising
  • $2,229,225
    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 (3) Group's $5,150 loan helped a member to pay for cookies, candy, and soap to sell in his shop.
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