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La Puissance 2 Group
In this Group: Thierry, Esnee, Fernand, Helene, Anastasie
Thierry, age 39, is married with two children, ages 3 and 5 years old. They are both enrolled in a preschool. He is representing the La Puissance 2 group.

Thierry is quite the entrepreneur. He has a cellphone credit and phone card business, a photograph developing business, and a hair salon. He has been operating these businesses for 11 years. He will use the loan to reinforce each business. He will buy phone cards and credit, photo ink cartridges and paper, and hair salon products. His business strategy is to be diversified and offer good prices.

Thierry has received four previous loan from HOPE Congo, Kiva's partner. He has a good repayment record. He hopes to start another activity in the future and continue his current activities.

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
  • $2,244,275
    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 Puissance 2 Group's $5,375 loan helped a member to pay for phone cards, photo ink cartridges, photo paper, and hair salon products.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 2, 2013
Listed
May 31, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013