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Philadelphie 1 Group
In this Group: Jaime Guy, Anasthasie, Francoise, Nicole, Chantal, Ghislain
Jaime, age 41, is married with 3 children, ages 6 to 8 years old. He has 2 children currently attending school. He also provides for his niece. Jaime is representing the Philadelphie 1 group. He owns and operates an ice cream machine. He has been selling ice cream for 3 years. He will use the loan to buy sugar, milk, flavoring and stabilizer for the ice cream machine. It is common in Brazzaville for people to put their soft serve ice cream machines on the street and sell ice cream near bus stops and other busy areas. His business strategy is to make a lot of ice cream during the hot season, as this is his peak season. Jaime has received 2 previous loans from HOPE Congo, Kiva's partner. He has a good repayment record. He wants to have a large ice cream shop one day. He also wants to begin producing his own cones. He will need to buy a machine for this.

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
  • 496.9
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of Philadelphie 1 Group's $4,150 loan helped a member to pay for sugar, milk, flavoring, and stabilizer.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Dec 12, 2012
Jan 1, 2013
Currency Exchange Loss:
May 17, 2013