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White 2 (2) Group
In this Group: Serge, Francisca, Rosalie, Herve, Teddy, Gertrude, Melanie, Irma, Bijou, Clarisse
Serge is one of the members of the group White 2 (2), which consists of 10 micro-entrepreneurs from Brazzaville, Congo. Serge, who is married and has two children, ages 8 and 10, is very excited to be receiving his third loan from HOPE Congo after having repaid his previous loans.



In business for more than 10 years, Serge sells locally grown fruits and vegetables. With this new loan he will be able to buy more of them to further grow his inventory. He says that one of his strategies for success is selling his produce not only to individual clients but also to neighborhood restaurants.



Serge has big dreams for the future of his business and family. He hopes to one day expand his activities to include a store that sells charcoal and gasoline. With increased profits he hopes to be able to pay for his children to attend the best university in Congo. He thanks you all for your support!!!

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
  • $2,220,975
    Funds lent in using Kiva
  • 491.4
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of White 2 (2) Group's $5,400 loan helped a member to purchase tomatoes, cabbage, eggplant and other fruits and vegetables.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 5, 2013
Listed
Aug 23, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014