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Les Elites 1 Group
In this Group: Danielle, Anny, Stanie, Bernardette, Privat, Marie Jeanne, Yvonne
Danielle, age 26, is single with 2 children, ages 3 and 6 years old. Both of her children are attending school or nursery during the day. She is representing the Les Elites 1 group. Danielle has a business selling mattresses, and has had this business for 6 years. She will use the loan to buy more mattresses to stock her shop. Her business strategy is to be proactive by calling her customers and asking them if they need a mattress or some other type of bedding.
Danielle has received 2 previous loans from HOPE Congo, Kiva's partner. She has a good repayment record. She wants to continue to grow her business through the loans. She would like to buy a parcel of land for her family in the future. She hopes her children will be educated and successful.

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
  • $2,220,975
    Funds lent in using Kiva
  • 501.6
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of Les Elites 1 Group's $4,000 loan helped a member to buy mattresses for sale.
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