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Kiwissa 2 (3) Group
In this Group: Germain, Clardin, Paul, Ange Christian, Chantal
Germain, age 31, runs a butcher shop in the local market. He has two children, ages two and nine years old. The eldest is attending school and the youngest goes to a nursery. Germain is representing the Kiwissa 2 (3) group. He has had this business for eight years. His business strategy is to work hard and increase production.

Germain has received and repaid two previous loans from Kiva partner HOPE Congo and has a good repayment record. He will use his loan funds to buy more meat to stock his shop, including beef, fish, and chicken.

In the future, Germain would like to buy a large freezer for storing meat. His goal is for his children to become educated and well-informed people.

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
  • 1
    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 Kiwissa 2 (3) Group's $2,650 loan helped a member to buy more meat to stock his shop, including beef, fish, and chicken.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 13, 2013
Listed
Apr 4, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013