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Zola 1 Group
In this Group: Raphael, Pamphile, Germaine, Claude Garcy, Marandre, Wivine, Aymar Davy, Sylvie Nadia
Raphael, age 48, owns a cement depot where he sells cement to construction companies and individuals. He has run this business since 2008. As part of his business strategy, he runs a supplementary business selling drinks. If one business is slow, usually the other one carries him through the rough patch.

He has five children between the ages 12 and 29 years old. The four younger children are currently attending school.

Raphael is representing the Zola 1 group and is shown with his hand raised. He has received and repaid one loan from Kiva partner HOPE Congo and has a good repayment record. He will use his loan funds to buy more cement to replenish his stock.

Raphael's goal is to start more businesses in the future and continue to diversify himself.

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.)

  • $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