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Prosperite 1 Group
In this Group: Denise, Felicite, Margueritte, Wilgeforte
Denise represents the Prosperite 1 Group. She is 33 and a single mother with two children aged seven and ten years old. They are both attending school.


For the past ten years Denise has sold clothes in a local market. Her business strategy is to do a lot of marketing of her business in the market and her community. She also feels it is important to be kind and helpful to her customers.


Denise has received six previous loans from HOPE Congo, Kiva's partner, and has a good repayment record. She is now applying for a 2,600,000 XAF loan for her group and will use her portion to buy more clothes to replenish her stock. She wants to be a successful business woman with a large clothing store in 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.)

  • $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 1 Group's $5,125 loan helped a member to buy more clothes to replenish her stock.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 18, 2013
Listed
Jul 9, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014