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La Richesse (2.2) Group
In this Group: Lucile, Gina Octave Blanche, Elodie Florence, Evelyne, Juslin Aristide, Marie Thérèse, Privat Guenaël
Privat is one of the members of the group La Richesse (2.2) and is the leader of a group consisting of seven micro-entrepreneurs from Brazzaville, Congo.

Privat is married and this is his very first loan cycle with HOPE Congo S.A. Privat has been operating his restaurant in Brazzaville since 2003 and will use the loan to purchase a variety of drinks and more chairs for his customers. His secret to operating his restaurant is good management of his activities and ensuring that he maintains an excellent relationship with his customers.

In the future, Privat has dreams of opening a new V.I.P. section of his restaurant that would be used and rented by customers who would like to have a more private dining experience.

For his family, he hopes to improve his living conditions and he continues to be an active member in his community, where his neighbors have affectionately nicknamed him 'President Obama' for his diplomatic and outgoing character.

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

Success!! The loan was 100% repaid

A portion of La Richesse (2.2) Group's $3,775 loan helped a member to increase his stocks of drinks and buy more chairs for customers at his restaurant.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 8, 2013
Listed
Aug 26, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014