Check out other loans that are currently fundraising!
La Puissance 2 (2) Group
In this Group: Ange Felicien, Alexis, Arnaud, Helene, Josiane, Evariste, Philomene, Ida, Jean
Ange, age 40, is single, with no children. He is representing the group, La Puissance 2 (2). Ange has a game room where he provides video game consoles, TVs, and DVD players for people to use. In Congo, many people do not have their own game consoles, so they pay to go to a game room. He has had this business for seven years.

Ange will use the loan to pay for a machine that plays and burns CDs. His business strategy is to offer good prices for the use of his machines. He encourages his customers to buy more use by, for example, charging XAF 100 for one soccer match, but XAF 150 for two soccer matches.

Ange has received one previous loan from HOPE Congo S.A., Kiva's partner. He has a good repayment record with HOPE Congo S.A. In the future, he hopes to buy a computer for his business.

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 La Puissance 2 (2) Group's $5,700 loan helped a member to pay for a machine that plays and burns CDs.
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