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La Richesse (2.1) Group
In this Group: Edwige, Amelie Lydie Blanche, Marie Jeanne, Corine Eléonore, Geogine, Gildas, Georbercia Ryse Gilière
Gildas is a member and leader of the group La Richesse (2.1), which consists of seven micro-entrepreneurs from Brazzaville, Congo. He is married with one child who is 5 years old and is attending primary school. This is his third loan cycle with HOPE Congo, and he is going to use his portion of the loan to purchase prepaid phone cards from a wide variety of networks in Brazzaville, including MTN, Airtel, Warid, and Azur. He has been working in prepaid card sales since 2007 and has learned that he must help his customers use the cards properly to reload their phones and recharge their credit. Customers must pay close attention to entering the recharge codes, or they may become frustrated with his product.

In the future, Gildas hopes to move from just selling cards without a fixed location to having a small boutique for more stability in his work. With his increased income, he also hopes to build and make improvements to his housing situation for his young family.

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
  • 491.8
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of La Richesse (2.1) Group's $4,275 loan helped a member to buy prepaid phone cards from a variety of networks in Brazzaville.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Aug 8, 2013
Aug 26, 2013
Currency Exchange Loss:
Jan 17, 2014