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La Bienfaisance 2 (1) Group
In this Group: Seth Jean, Irma Mathurine, Lebeau Ardaud, Edwige, Josephine
Seth, age 56, is married with 3 children, aged 14 to 30 years old. All 3 of his children are currently attending high school or college.

He is representing the La Bienfaisance 2 (1) group. Seth has a small grocery market and has been operating it for over 20 years. He has gained valuable experience over the years, as well as many loyal customers. He will use the loan to buy oil, sugar, tomatoes, rice, and kerosene to sell in his store. His business strategy is to always have in stock what the customers want. He regularly asks his customers what items they prefer and tries to cater to their needs.

Seth has received 3 previous loans from HOPE Congo, Kiva's partner. He has a good repayment record. He hopes to continue to progress and open another business in the future.

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.)

  • $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 2 (1) Group's $3,550 loan helped a member to pay for oil, sugar, tomatoes, rice, and kerosene to sell at his market.
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