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Prosperite 1 Group
In this Group: Laurent Rufin, Margueritte, Esperance Auguste, Fellicite
Laurent, age 56, is married and has five children, from 20 to 28 years old. All five of his children are currently attending school or university. He also cares for his niece. Laurent is representing the Prosperité 1 group. He sells car parts and oil from a shop in his community. He has been running this business for three years. He will use the loan to add to his stock of car parts and motor oil. His business strategy is to market his business in the community. He knows it is important for people to be aware of his business and what he has to offer. He has received four previous loans from HOPE Congo, Kiva's partner, and he has a good repayment record. Laurent wants to continue to grow and develop his business. He hopes his children will find jobs and work and be successful.

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
  • 2
    View loans »
    Congo (Rep.) Loans Fundraising
  • $2,220,975
    Funds lent in using Kiva
  • 505.1
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of Prosperite 1 Group's $4,375 loan helped a member to add to the stock of car parts and motor oil at his shop.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 20, 2012
Listed
Dec 2, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013