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Zola 2 Group
In this Group: Brigitte Sophie, Veronique, Nadege, Cleche, Denise, Therese, Pamella, Dolly
Brigitte, age 51, is married and has two children, ages 17 and 21 years. They are both attending school now. She is representing the Zola 2 group. Brigitte buys squash seeds, pays for someone to plant and harvest them, and then sells the squash in a local market. She has had this business for 10 years. Essentially she is her own squash supplier.

She will use the loan to buy squash seeds with which to begin another crop. Her business strategy is to sell a lot of squash at the time of harvest. Brigitte has received one previous loan from HOPE Congo, Kiva's partner. She has a good repayment record. Her goal is to open a restaurant and bakery in the future.

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 Zola 2 Group's $3,500 loan helped a member to pay for squash seeds.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 18, 2013
Listed
Apr 4, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013