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La Puissance 2 (1) Group
In this Group: Euloge, Blanche Felicite, Marlaine, Frederica, Ella Vanicia, Jacqueline, Geogine
Euloge, age 46, is representing the La Puissance 2 (1) group. He is married and has four children, ages 8 to 25 years. All four of the children are currently going to school or university. Euloge has a small grocery stall, where he sells a variety of foods. He has had this business for over 10 years.

Euloge will use his portion of this loan to buy inventory for his stall, including oil, peanuts, sugar, and soap. His business strategy is to offer friendly service to his customers. If they feel wanted and appreciated, they will likely return.

Euloge has received four previous loans from HOPE Congo, Kiva's partner. He has a good repayment record. He hopes his grocery stall will become a large store, eventually enabling him to create a finance institution like HOPE Congo. He hopes his children will succeed in their studies.

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
  • 508.4
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of La Puissance 2 (1) Group's $4,150 loan helped a member to pay for grocery inventory to resell, including oil, peanuts, sugar, and soap.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 11, 2013
Listed
Mar 18, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013