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Kiminu 2 (1) Group
In this Group: Eric Roland, Fatou Rachel, Nathalie, Veronique, Cilianne Patricia, Alphonse Elenore, Clemence, Celestine
Eric, aged 36, is single with an 18 year old son. His son is currently attending school. He is representing the Kiminu 2 (1) group. Eric sells clothing in a local market. He has been operating this business for 10 years. He will use the loan to buy more clothing, including jeans, shirts, polos, and shoes. His business strategy is to sell good quality clothing. His customers know they can trust his merchandise.
Eric has received 4 previous loans from HOPE Congo, Kiva's partner. He has a good repayment record. He wants to have a large clothing store in the future. He hopes his son continues his education and goes to college.

Additional Information

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.)

  • $6,600
    Average annual income
  • 0
    View loans »
    Congo (Rep.) Loans Fundraising
  • $2,281,600
    Funds lent in using Kiva
  • 509.8
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of Kiminu 2 (1) Group's $5,800 loan helped a member to pay for imported clothing.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 11, 2013
Listed
Apr 4, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013