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Prosperite 4 Group
In this Group: Laurent, Beatrice, Lydie, Yolande
Laurent represents the Prosperite 4 group. He is 54, married and has five children aged two to 24 years. Four of them are currently attending school.

For the past three years Laurent has had a business selling car parts and motor oil. His business strategy is to be attentive to clients and offer them friendly customer service.

Laurent has received six previous loans from HOPE Congo, Kiva's partner, and has a good repayment record. He is now applying for a 2,900,000 XAF loan for his group and plans to use his portion of the loan to buy more motor oil to stock in his store. He hopes to continue to develop his business and open up more car parts stores around Brazzaville in the future.

Laurent dreams of making a large amount of money to save and give to his children when he dies. In Congo, funerals are very expensive and many families go into debt trying to pay for everything. As well as wanting to leave his children a small inheritance, he doesn't want to burden them with funeral expenses.

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
  • 508.5
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of Prosperite 4 Group's $5,725 loan helped a member to buy more motor oil to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jun 18, 2013
Jul 9, 2013
Currency Exchange Loss:
Jan 17, 2014