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La Source 1 Group
In this Group: Alexis Arxand, Marthe, Marie, Alphonsine, Yzeldah, Judith, Persis
Alexis, age 37, is married with five children, ages 1 to 17 years old. He has four children attending school. He is representing the La Source 1 group. Alexis is a hair stylist and owns a hair salon. He has been operating this business for 13 years. He will use the loan to buy hair products, hair dryers, and a sterilizer. He plans to open another location during this loan cycle, so some of the products he buys will go to his new location. His business strategy is to always be improving and beautifying his salon.

Alexis has received two previous loans from Kiva's partner, HOPE Congo. He has a good repayment record. He would like to travel abroad to learn more about hair styling and salons. He then wants to come back and open a grand salon 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.

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

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
  • $2,177,650
    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 1 Group's $3,650 loan helped a member to pay for hair products, hair dryers, and a sterilizer.
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