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Le Sauveur 2 (2) Group
In this Group: Roland, Irma Aubierge, Adele, Veve , Falone, Alain Christian, Bridges Guy, Fabrice, Gireldie, Romaric
Roland, age 42, is single with 2 children, ages 10 and 13 years old. Both of his children attend school. He also provides for his nephew and little brother. Roland is representing the Le Sauveur 2 (2) group. He sells smoked fish in a local market. He has been operating this business for 10 years. He will use the loan to buy more fish. His business strategy is to use the loans he receives to increase the amount of fish he can sell, and in effect doubling his profits. He also allows returning customers to buy fish on credit. Roland has received 4 previous loans from HOPE Congo, Kiva's partner. He has a good repayment record. He hopes to save enough money to build his family a house one day.

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
  • $2,281,600
    Funds lent in using Kiva
  • 496.9
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of Le Sauveur 2 (2) Group's $5,550 loan helped a member to pay for fish to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 10, 2012
Listed
Jan 1, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2013