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La Colombe 2 Group
In this Group: Marguerite, Geogina, Julienne, Prudence
Marguerite, age 60, is married with six children, ages 23 to 42. She is representing the La Colombe 2 group. Marguerite makes and sells besap juice, a very popular fruity drink sold on the streets of Brazzaville. She has had this business for over 30 years. She has gained a valuable reputation in her community and many people come to her to buy besap. Her business strategy is to offer friendly customer service and give returning clients small gifts.

Marguerite has received five previous loans from HOPE Congo, Kiva's partner. She has a good repayment record. She would like to travel to Chad, where besap originates from, and buy the products to make besap.

Additional Information

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.)

  • $6,600
    Average annual income
  • 0
    View loans »
    Congo (Rep.) Loans Fundraising
  • $2,281,600
    Funds lent in using Kiva
  • 503.2
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of La Colombe 2 Group's $5,575 loan helped a member to purchase juice mixes to sell in her stand.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 2, 2013
Listed
May 31, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013