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Kiminu 2 (2) Group
In this Group: Kalixe Daris, Judicael Paterne, Elia Carlis, Habib Julienne
Kalixe, age 38, is married and has three children, ages 7 to 15. All of his children are attending school. He is representing the Kiminu 2 (2) group. Kalixe has two different small businesses, which he has had for two years. He makes and sells foufou (a traditional African food) and peanut butter. He also has a small pharmacy where he sells various medicines. He will use this loan to buy medicine to stock his pharmacy. His business strategy is to provide friendly customer service and treat his customers well. This is Kalixe's first loan from HOPE Congo, Kiva's partner. HOPE and Kalixe’s group are confident in his ability to pay back the loan. He hopes his children will continue with their education and progress in life.

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
  • 509.8
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of Kiminu 2 (2) Group's $2,275 loan helped a member to pay for medicine to stock his pharmacy.
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