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Bolingo 2 (1) Group
In this Group: Peggy Nadege, Mouanga, Veronique, Alphonsine, Eugenie, Gaelle, Sebastien, Samuel
Peggy, age 36, is engaged with four children, ages 15 months to 15 years. Three of the children attend school. She is representing the Bolingo 2 (1) group.

Peggy owns a butcher shop in a local market, and has been operating for one year. She will use the loan to buy more chicken and beef for her shop. Her business strategy is to write competitive meat prices on a board outside of her shop. Whatever is the going rate is in the market that day, she lowers her price by a little.

Peggy has received two previous loans from HOPE Congo, Kiva's partner. She has a good repayment record. Currently, she rents a building for her butcher shop, but in the future she hopes to build her own structure.

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 Bolingo 2 (1) Group's $6,250 loan helped a member to buy chicken and beef for her butcher shop.
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:
Jun 17, 2013