La Bienfaisance 2 (1) Group
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.
More information about this loan
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
About Congo (Rep.)
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Success!! The loan was 100% repaid