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La Confiance (2) Group
In this Group: Stève Pichastre, Seraphine, Miakakela, Stetieiene Avertie, Henriette, Edith, Cesar, Kevin
Cesar is one of the members of the group La Confiance (2). He is the leader of the group, which consists of eight micro-entrepreneurs from Brazzaville, Congo. Cesar is married with three children, ranging in age from 3 to 16 years old. This is Cesar's very first loan cycle with HOPE Congo and he is going to use his loan to purchase a used vehicle that he will disassemble for used parts to resell to his customers. One of the challenges that Cesar faces since he started his business in 2004 is that often his customers are looking for unique items to purchase from his store and it is difficult to find the necessary stock when customers ask for parts. The purchase of the vehicle will allow him to offer more parts, especially unique parts, to his clients. In the future, Cesar hopes to continue to grow his activities and diversify into activities other than spare vehicle parts. Additionally, the increased income that he hopes to earn from his business will be put towards constructing a new home for him and his family.

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.

Please note that this Field Partner does not meet all of the minimum criteria for partnership with Kiva. HOPE Congo is a start-up MFI that is being fully backed by the HOPE International with an institutional guarantee. Because Kiva lenders are fully protected against institutional failure by the guarantee agreement, Kiva felt it was appropriate to override our minimum criteria in order to access this new market.

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
  • 0
    View loans »
    Congo (Rep.) Loans Fundraising
  • $2,177,650
    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 (2) Group's $4,800 loan helped a member to purchase a previously used car to use as additional spare parts for his store.
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