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Philadelphia 2 Group
In this Group: Valantine , Nsimous, Albertine, Anna, Flore, Catherine, Ulrich
Valantine, age 50, is married with 2 children, ages 25 and 30 years old. She is representing the Philadelphia 2 group. Valantine bakes and sells beignets. She has been operating this small business for 22 years. She has acquired a good reputation in her community for her great tasting beignets. She will use the loan to buy flour, sugar, oil and yeast. Her business strategy is to offer good customer service. She always greets her clients and they never have to wait. This is Valantine's first loan from HOPE Congo, Kiva's partner. HOPE and her group are confident she will repay the loan. She hopes to continue to work hard and grow her business.

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
  • $2,220,975
    Funds lent in using Kiva
  • 496.9
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of Philadelphia 2 Group's $3,575 loan helped a member to pay for sugar, flour, oil and yeast.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 12, 2012
Listed
Jan 1, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2013