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Bana Na Nzambe 2 Group
In this Group: Marcelin, Nathalie, Rose, Alda Estelle, Tabia, Clementine, Jeanne, Evelyne
Marcelin, age 39, is single. He has three children, ages 5 to 11, one of whom is attending school. He is representing the Bana Na Nzambe 2 group. He has a grocery stall that he has been operating for over 10 years. He will use the loan to buy a variety of items to sell, such as soap, cans of sardines, and oil. His business strategy is to sell his items well and offer great customer service.

Marcelin has received 5 previous loans from Kiva partner HOPE Congo. He has a good repayment record. He wants to have his business for a long time and to be able to travel abroad to buy merchandise 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
  • 2
    View loans »
    Congo (Rep.) Loans Fundraising
  • $2,281,600
    Funds lent in using Kiva
  • 497.8
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of Bana Na Nzambe 2 Group's $5,525 loan helped a member to buy soap, cans of sardines, and oil.
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