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La Bienfaisance 2 (2) Group
In this Group: Ada Berthal, Marie Josee, Derlich Nich, Tama Neline, Gilbert
Ada, age 32, is single with two children, ages 4 and 8, and a baby on the way! He has one child currently attending school. He is representing the La Bienfaisance 2 (2) group. Ada owns and operates a restaurant in his local community. He has had this restaurant for one year. He plans to use the loan to buy drinks, plates, and more silverware for his restaurant. His business strategy is to offer great customer service. When his customers arrive he serves them quickly and makes sure that they are satisfied with their meal.

This is Ada's first loan from HOPE Congo, Kiva's partner. HOPE and his group are confident he will repay the loan. Ada hopes to modernize and continue to develop his restaurant as it grows. He wants his children to succeed in life and work in some kind of 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
  • 0
    View loans »
    Congo (Rep.) Loans Fundraising
  • $2,244,275
    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 2 (2) Group's $2,500 loan helped a member to pay for drinks, plates, and silverware.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 24, 2013
Listed
Feb 2, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013