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La Puissance 1 Group
In this Group: Yvon Willy, Amelia, Ida Sylvie, Pierre, Nicolas, Idas
Yvon, age 40, is married with three children, aged 2 to 15 years old. He has two children currently attending school. He is representing the La Puissance 1 group. Yvon has a grocery stall where he sells a variety of things. He has been operating for nine years. He will use the loan to buy more rice, canned goods, and oil. His business strategy is to keep all the products his customers want stocked at all times. He has found that if you don't have a good consistent stock of merchandise customers quit coming.

Yvon has received three previous loans from HOPE Congo, Kiva's partner. He has a good repayment record. He hopes to have an actual building for his store in the future. He wants his children to continue their education and find a good job.

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.)

  • $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 Puissance 1 Group's $6,175 loan helped a member to pay for rice, canned goods, and oil.
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