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L'excellence 3 Group
In this Group: Steel , Laurentine, Clarisse, Anthelme, Exalt
Steel, age 32, is single with a 4 year old daughter. She is representing the group L'excellence 3. She sells sandals, drinks, and charcoal in a local market. She has been a vendor in the market for 4 years. She will use the loan to buy more sandals and charcoal to sell. Her business strategy is to market her merchandise. She uses a megaphone to announce her products and prices.

Steel has received 3 previous loans from Kiva partner HOPE Congo. She has a good repayment record. She wants to continue her business and open a large store in the future. She hopes her daughter will become a doctor one day. She plans to help her meet this goal as much as she can.

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
  • 497.8
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of L'excellence 3 Group's $4,225 loan helped a member to buy sandals and charcoal to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 24, 2013
Listed
May 5, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013