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Shaloom 2 (1) Group
In this Group: Edith, Aimee Lourdes, Reine , Anoune
Edith, age 46, is a single mother of four children, 8 to 24 years old. She has two children currently attending school. Edith also cares for ten orphans in her community. Every day they come to her house, and she feeds them a meal. Edith has compassion for these children and is always searching for clothes for them. Edith is representing the Shaloom 2 (1) group. She has a stand in the local market where she sells food products. She will use the loan to buy palm oil, sugar, and rice. She has been selling in the market for ten years. Her business strategy is to offer her customers good service. She realizes how important it is to be friendly and helpful with her customers. Edith has received three previous loans from HOPE Congo. She has a good repayment record. She hopes to continue to grow her business and make larger profits.

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

Success!! The loan was 100% repaid

A portion of Shaloom 2 (1) Group's $3,975 loan helped a member to pay for palm oil, sugar, and rice to sell in the market.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 15, 2012
Listed
Dec 2, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013