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Nunga 2 (1) Group
In this Group: Sidonie Berthe, Henriette, Madeleine, Valentine , Gerard Peine, Samuelle, Gisele
Sidonie, age 38, is a single mother with two children, ages two and four years old. The four-year-old is attending school. Sidonie is representing the Nunga 2 (1) group. She has a small bakery shop where she sells her homemade baked goods. She has been operating this small business fro 10 years. She will use the loan to buy eggs, flour, oil, sugar, yeast, butter, and chocolate. Her business strategy is to have an actual structure to house her business. She feels it gives her business a competitive edge to have a nice looking shop.

This is Sidonie's first loan from HOPE Congo, Kiva's partner. HOPE and her group are confident she will repay the loan. She hopes to continue with her business far into 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.

Tags

About Congo (Rep.)

  • $2,250
    Average annual income
  • 1
    View loans »
    Congo (Rep.) Loans Fundraising
  • $2,244,275
    Funds lent in using Kiva
  • 508.5
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of Nunga 2 (1) Group's $2,775 loan helped a member to pay for eggs, flour, oil, sugar, yeast, butter, and chocolate.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 12, 2013
Listed
Jul 9, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013