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Le Tresor 1 Group
In this Group: Blaise, Josephine, Christie Egide, Gardelain, Cornelie Nadege
Blaise is 45 years old and divorced. He has two children, ages 7 and 28, and his youngest child is currently attending school. For the past seven years, Blaise has operated a small chicken farm, raising chickens and selling eggs to vendors around Brazzaville. His business strategy is to deliver the eggs to his vendors, instead of having them come to him. Blaise also delivers eggs directly to the houses of certain clients. He has successfully repaid a previous loan from the Kiva partner HOPE Congo.

Blaise is requesting a loan as a representative of the Le Tresor 1 group. He will use his portion of the loan to buy chicken feed. Currently, he keeps his chickens near his house on a piece of land in the city. In the future, Blaise wants to move his farm to a new location a little outside of Brazzaville and be able to buy the land, build a house for his family, and have a larger chicken farm.

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.

Please note that this Field Partner does not meet all of the minimum criteria for partnership with Kiva. HOPE Congo is a start-up MFI that is being fully backed by the HOPE International with an institutional guarantee. Because Kiva lenders are fully protected against institutional failure by the guarantee agreement, Kiva felt it was appropriate to override our minimum criteria in order to access this new market.

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
  • $2,177,650
    Funds lent in using Kiva
  • 482.0
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD