Check out some available loans that are similar to this one!
Femmes Vertueuses 2 Group
In this Group: Odile, Mireille, Josephine, Adele, Colette, Bernadette, Claude
Odile, age 62, is a widow with 7 children, ages 22 to 42 years old. The 22-year-old is currently attending college. Odile also provides and cares for a niece and nephew. Odile is representing the Femmes Vertueuses 2 group. She has a stand in a market where she sells oil, clothing and shoes. She has had this business for 2 years. She will use the loan to buy clothing and shoes to sell at her stand. Her business strategy is to have a lot of contact with her customers. She greets them and tries to talk and get to know them. She has received 2 previous loans from HOPE Congo, Kiva's partner. She has a good repayment record. She hopes to travel abroad one day to buy merchandise and bring it back to Brazzaville to sell.

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
  • 0
    View loans »
    Congo (Rep.) Loans Fundraising
  • $2,229,225
    Funds lent in using Kiva
  • 496.9
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of Femmes Vertueuses 2 Group's $4,950 loan helped a member to pay for clothes and shoes.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 11, 2012
Listed
Jan 1, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2013