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Emmanuel 2 (2) Group
In this Group: Ferdinand, Gertrude, Marie Noelle, Adelaide Olympia, Georgette
Ferdinand, age 48, is married with 3 children ages 14 to 25 years old. His youngest is currently attending school. He is representing the Emmanuel 2 (2) group.

Ferdinand sells clothes in the market and has been doing this for 10 years. He will use the loan to buy more clothes from his supplier. His business strategy is to work hard. He believes good work ethic brings good results.

This is Ferdinand's first loan from Kiva's partner, HOPE Congo. HOPE and his group are confident he will repay the loan.

One day, he wants to own a shop on Avenue de la Paix, a main road in one of Brazzaville's major shopping districts. He hopes his children will be successful and happy in life.

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
  • $2,220,925
    Funds lent in using Kiva
  • 501.6
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of Emmanuel 2 (2) Group's $2,600 loan helped a member to buy clothes to sell in the market.
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