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Jehovah Jireh 1 Group
In this Group: Francoise, Laeticia, Arnauline
Francoise is 49 and single with two children, ages 22 and 25 years old. Her children are both finished with high school and currently attending university. For the past 10 years, Francoise has sold various merchandise at a stand in a local market. She has successfully repaid five previous loans with the Kiva partner HOPE Congo. Her business strategy is to give a good price relative to the other prices around her in the market.

Francoise is requesting a loan as a representative of the Jehovah Jireh 1 group. She will use her portion of the loan to buy plastic products, plates, other kitchen items, and clothes. In the future, Francoise hopes to become a great businesswoman. She also hopes both of her children will finish their college studies.

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 Jehovah Jireh 1 Group's $4,375 loan helped a member to pay for plastic products, kitchenware, and clothes.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 22, 2013
Listed
Feb 2, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013