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Shaloom 2 (2) Group
In this Group: Ghislain, Patrick, Thecle Gladys, Ines
Ghislain, age 36, is married with 2 children, ages 10 and 13 years. Both of his children are currently attending school. Ghislain is a member of the Shaloom 2 (2) group. He owns a small cafeteria that he has been operating for 2 years. He will use the loan to restock the cafeteria's supply of milk, coffee, and other drinks. His business strategy is to make certain salads that his customers prefer and to provide the most popular cheeses. Ghislain has received 3 previous loans from HOPE Congo, Kiva's partner. He wants to grow his business using the loans from HOPE. He hopes his children will be healthy and happy in their lives.

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 Shaloom 2 (2) Group's $3,975 loan helped a member to pay for milk, coffee, and drinks.
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