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Dieu Pourvoira 1 Group
In this Group: Olivia Rosine, Sylvie Florine, Martine, Annie, Mireille, Hortense, Angele, Gathe
Olivia, age 32, is single with no children. She represents the Dieu Pourvoira 1 group. Olivia has a small business where she sells phone cards and phone credit. She has been operating this business for one year. She will use the loan to buy more phone cards and credit from cell phone companies. In Congo, the majority of cell phones are not on contract. Instead, people buy minutes as they need them. The cell phone companies sell their cards and credit to individuals who then sell them to the public. Olivia's business strategy is to sell individual items as well as to sell credit in bulk. Her stand is located on a busy avenue on which many people travel.

This is Olivia's first loan from HOPE Congo. HOPE Congo and Olivia's group members are confident that she will pay the loan back. In the future, she hopes to be a large distributor of phone cards who sells to smaller businesses.

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
  • $2,244,275
    Funds lent in using Kiva
  • 497.8
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of Dieu Pourvoira 1 Group's $3,625 loan helped a member to buy phone cards and credit from cell phone companies to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 22, 2013
Listed
May 5, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013