Jehovah Jireh (1) Group
Marie is a single mother of four children whose ages range from 17 to 34 years old. She is very excited to be receiving her fourth loan from HOPE Congo after having successfully paid off her previous loans. She has had her business for around six years, selling general goods to her community. She says her biggest challenge so far has been finding the ideal location for her business to maximize her exposure to potential clients. With this next loan, she will be able to buy more items to further grow her inventory. By buying in bulk, she will be able to reduce her prices, giving her a competitive advantage in her bustling market.
Marie has big dreams for the future of her family. She hopes that one day all of her children can join in her business and hopes to expand to a hardware store and supermarket. She thanks you all for your support!!!
More information about this loan
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.
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About Congo (Rep.)
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Success!! The loan was 100% repaid