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Bethleem (1) Group
In this Group: Marie, Gisele, Parfaite, Joseph, Jeanne
Marie is one of the members of the group, Bethleem (1). The group is comprised of five micro-entrepreneurs from Brazzaville, Congo. Marie is married and has five children, whose ages range from 3 months to 12 years. Marie is very excited to be receiving her fifth loan from HOPE Congo, after having successfully paid off her previous loans. She has had her business for around ten years. Her business consists of selling second-hand shoes, sandals, handbags, large sacks, and other, miscellaneous pieces of clothing.

With this next loan, Marie will be able to buy more sandals and bags, to further grow her inventory. By buying in bulk, she will be able to reduce the prices she pays, giving her a competitive advantage in her bustling market.

Marie has big dreams for the future of her family. She hopes that, one day, she will be able to buy a plot of land of her own, for her family and children. She 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.)

  • $6,600
    Average annual income
  • 0
    View loans »
    Congo (Rep.) Loans Fundraising
  • $2,281,600
    Funds lent in using Kiva
  • 491.4
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of Bethleem (1) Group's $5,000 loan helped a member to buy more second-hand sandals and bags to resell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 8, 2013
Listed
Aug 23, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014