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Source De Vie 1 Group
In this Group: Laudra, Josephine, Juliette Nee, Rosine Lossi, Sylvie Varthan
Laudra, age 33, is married with no children, but she provides for her niece. She is a member of the Source de Vie 1 group. Laudra owns a butcher shop that she has been operating for 3 years. She plans to use the loan to buy chicken and beef to stock her shop. Her business strategy is to reduce the price for customers who buy in large amounts. This practice encourages customers to return and to buy from her for large events. Laudra has received 4 previous loans from HOPE Congo, Kiva's partner. She has a good repayment record. She wants to continue to grow her butcher shop and build a large boutique and counter. She would also like to have a large walk-in freezer one day. Laudra wishes for her niece to grow up and help her to run this business.

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
  • $2,244,275
    Funds lent in using Kiva
  • 505.1
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of Source De Vie 1 Group's $5,950 loan helped a member to pay for chicken and beef.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 21, 2012
Listed
Dec 2, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013