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Source De Vie 2 Group
In this Group: Christian , Nathalie, Gertrude, Alice
Christian, age 35, is married and has two children, 8 and 12 years old. Both are attending school. He also provides for his nephew. Christian is representing the Source de Vie 2 group. He owns an office-supply business and has been in business for around one year. He will use the loan to add to his business's stock, including notebooks, computer paper, and ink cartridges. His business strategy is to offer to go to his customer's place of business, take orders, and deliver the merchandise. Many business owners prefer this, because they do not have to leave their businesses to get supplies. Christian wants to continue to grow his business and eventually to begin importing some merchandise. He wants his children to continue to go to school and live in good conditions.

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 Source De Vie 2 Group's $4,575 loan helped a member to pay for notebooks, computer paper, and ink cartridges to sell to his customers.
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