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La Bienfaisance 1 Group
In this Group: Xavier, Davy, Frey Evrad, Raissa Synthia, Sylvie
Xavier, age 40, is single and has three children, 9 to 16 years old. All three of his children are attending school. He is representing the La Bienfaisance 1 group. Xavier has a small grocery boutique where he sells a variety of food products. He will use the loan proceeds to buy sugar, oil, rice, salt and tomatoes. His business strategy is to be very nice to the customers and to offer friendly and helpful service.
Xavier has received three previous loans from HOPE Congo, Kiva's partner. He has a good repayment record. Xavier wants to continue to grow his business and build a large space for his store. He wants all of his children to go to school and be well educated.

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
  • 482.0
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of La Bienfaisance 1 Group's $5,200 loan helped a member to pay for sugar, oil, rice, salt and tomatoes for his grocery boutique.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 17, 2013
Listed
Feb 2, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013