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Bonne Semence 2 (2) Group
In this Group: Valerie, Germaine, Adeline, Alain
Valerie, age 53, is married with 6 children, ages 26 to 38 years old. She is representing the Bonne Semence 2 (2) group. She sells used clothing in a local market. She has had this business for 13 years! She has gained valuable customers over the years.

Valerie will use the loan to buy larges bales of used clothing from her supplier. In Congo, used clothing is sold to local vendors in large bales and then separated out to be sold individually. Her business strategy is to offer friendly customer service to her clients.

She has received 5 previous loans from HOPE Congo. She has a good repayment record. She wants her business to continue to succeed and make a large enough profit to enable her to travel abroad. She hopes her children will continue to work and be successful adults.

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
  • 0
    View loans »
    Congo (Rep.) Loans Fundraising
  • $2,220,925
    Funds lent in using Kiva
  • 497.8
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of Bonne Semence 2 (2) Group's $5,025 loan helped a member to pay for bales of used clothing.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Apr 22, 2013
May 5, 2013
Currency Exchange Loss:
Nov 17, 2013