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La Gloire De Dieu 3 Group
In this Group: Elvis, Guenole, Audrey, Seynabou
Elvis is 23 years old and single with no children yet. He is representing the La Gloire de Dieu 3 group. Elvis has a grocery stand where he sells a variety of food and home products. He has had this business for 1 year. He will use the loan to buy cookies, juice, and matches to stock his store. His business strategy is to give a small gift to his returning customers. He gives them a little extra of something that he knows they like.
Elvis has received 2 previous loans from HOPE Congo, Kiva's partner. He has a good repayment record. In the future, Elvis would like to have a hardware store.

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
  • $2,237,475
    Funds lent in using Kiva
  • 498.3
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of La Gloire De Dieu 3 Group's $2,175 loan helped a member to pay for cookies, juice, and matches.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 7, 2013
Listed
May 14, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013