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Bonheur 1 Group
In this Group: Regis Chancelin, Philippe, Jean Pierre, Innocent, Joseph, Rosine, Parfaite
Regis, age 33, is single and has a 2-year-old daughter. He is representing the Bonheur 1 group. He owns a business where he sells items for events, such as tents, plastic chairs, and projectors. He has been operating this business for two years. He will use the loan to buy plastic chairs to replenish his stock. His business strategy is to market everywhere in his community. He puts up flyers telling anyone who is planning an event that he has chairs, tents, and other things for a good price.

Regis has received four previous loans from Kiva's partner, HOPE Congo. He has a good repayment record. His dream is to buy a venue and rent it out for concerts and other events. He wants his little girl to stay in school and have a good education.

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
  • 505.9
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD