Bana Na Nzambe 2 (1) Group
Jeanne is a single mother of three children, whose ages range from 19 to 30 years old. She is very excited to be receiving her fifth loan from HOPE Congo S.A. after having successfully paid off her previous loans.
She has had her business for around 20 years. Her business consists of selling all types of used clothing. She says her biggest challenge, so far, is the sudden changes in prices from her suppliers and the seasonality of their stock.
With this next loan, Jeanne will be able to buy more of each of these items to increase her inventory. By buying in bulk, she will be able to protect herself against price changes and future shortages in stock from her suppliers.
Jeanne has big dreams for the future of her family. She hopes that, one day, she will be able to build a new home and buy a car. She also hopes to pay for the technical business training of all her children. She thanks you all for your support!!!
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