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La Restauration 2 Group
In this Group: Regis Wilfrid, Josephine, Clotilde, Aimee Flore, Marie Therese, Kandi Rose, Edith Jose
Regis, age 33, is single with a 7-year-old daughter. She is currently attending school. He is representing the La Restauration 2 group. Regis sells movies, DVDs and music and has had this business for eleven years. He will use the loan to buy a computer to use in transferring songs and movies. His business strategy is to sell many things that people need in his shop, including phone cards and a cell phone charging station.
Regis has received three previous loans from HOPE Congo, Kiva's partner. He has a good repayment record. He wants to grow his business and begin selling DVDs in bulk as a supplier to other vendors. He hopes his daughter will be happily married one day.

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 La Restauration 2 Group's $3,700 loan helped a member to pay for a computer to use in transferring songs and movies.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 25, 2013
Listed
Mar 4, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013