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Prosperite 3 Group
In this Group: Gertrude, Augustine Marie, Denise, Lidie Gilberte
Gertrude, age 45, is a single mother of 2 children, ages 15 and 18. Both of her teenagers are attending school. She is representing the Prosperite 3 group. Gertrude sells clothing in a local market and has been operating this business for over 10 years. She has gained many valuable customers over the years. She will use the loan to buy more clothing to sell. Her business strategy is to keep a large variety of clothes available for her customers. She has received 4 previous loans from Kiva's partner, HOPE Congo. She has a good repayment record. She wants to begin importing clothes for her business in the future. She hopes her children will continue in their studies and work in business like her.

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.)

  • $6,600
    Average annual income
  • 0
    View loans »
    Congo (Rep.) Loans Fundraising
  • $2,281,600
    Funds lent in using Kiva
  • 505.9
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of Prosperite 3 Group's $5,150 loan helped a member to buy more clothing to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 20, 2012
Listed
Dec 7, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013