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Le Chandelier 3 Group
In this Group: Reine, Raissa, Jeannette, Tessa, Jean Baptiste, Patricia, Edith
Reine, age 27, is married, with no children yet. He is representing the Le Chandelier 3 Group.

Reine has a small grocery shop and has been operating it for four years. He will use the loan to buy wine, cookies, candy, and other food products for his shop. His business strategy is to allow returning customers to buy merchandise on credit.

This is Reine's first loan from Kiva's partner, HOPE Congo S.A. HOPE Congo S.A. and his group are confident he will repay the loan. Reine wants to continue to expand his business and become a successful businessman.

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
  • 4
    View loans »
    Congo (Rep.) Loans Fundraising
  • $2,265,350
    Funds lent in using Kiva
  • 501.6
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of Le Chandelier 3 Group's $3,400 loan helped a member to pay for wine, cookies, candy, and other food products for his grocery shop.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 11, 2013
Listed
Mar 4, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013