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La Source 3 Group
In this Group: Odette, Chancelvie, Orchidea, Carine, Sylvie, Ella, Therese
Odette, age 55, is a widow with four children, ages 19 to 33 years old. Her youngest child is currently attending university. She is representing the La Source 3 group. Odette sells vegetables and recently started selling drinks. She used her last loan with HOPE to buy a freezer to keep her drinks in. She will use this loan to buy more drinks as well as lettuce, onions, and tomatoes.

Odette has been selling vegetables in the market for over 10 years and drinks just over a month. She is excited to have added a new product to her business. Her business strategy is to personally visit clients at their homes and deliver the merchandise they order.

Odette has received two previous loans from HOPE Congo, Kiva's partner. She has a good repayment record. She would like to travel abroad one day to buy merchandise to sell in Brazzaville.

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
  • 2
    View loans »
    Congo (Rep.) Loans Fundraising
  • $2,281,600
    Funds lent in using Kiva
  • 501.6
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of La Source 3 Group's $4,050 loan helped a member to pay for tomatoes, lettuce, onions, and drinks to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 14, 2013
Listed
Mar 4, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013