Check out some available loans that are similar to this one!
La Confiance (1) Group
In this Group: Garcia Lydwine, Cedric, Augustine Aimelie, Flore Sylvie, Gery Chrisostome, Sidonie, Anifride, Patrick Torendel
Patrick is one of the members of the group La Confiance (1). He is the leader of a group consisting of eight micro-entrepreneurs from Brazzaville, Congo. Patrick is married with a total of eight children! They range in age from 4 to 18 years old. This is Patrick's very first loan cycle with HOPE Congo and he is looking forward to expanding his shop and business, which he has been running since 2003. Patrick says his biggest challenge so far is the increasing prices that he must pay for the inventory for his store and states that this loan will help to reinforce the total capital of his business. Patrick also loves to talk about Jesus with other people in his community and his loan group.

In the future, Patrick hopes to continue to grow his activities so that he can increase his current shop and ultimately to become a successful businessman in Brazzaville. He would love for his future business to provide him with the opportunity to travel abroad to other countries.

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
  • 491.9
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of La Confiance (1) Group's $4,900 loan helped a member to purchase inventory to sell including soap, milk, corned beef, and candy.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 5, 2013
Listed
Aug 25, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014