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Bana Na Nzambe 2 (2) Group
In this Group: Ernestine, Andre, Edith, Gio, Tabia
Ernestine is one of the members of the group Bana Na Nzambe 2 (2). The group consists of five micro-entrepreneurs from Brazzaville, Congo. Ernestine is married with nine children whose ages range from 16 to 35 years old. She is very excited to be receiving her fifth loan from HOPE Congo after having successfully paid off her previous loans. She has had her business for around 28 years. Her business consists of selling auto parts and supplies. With this next loan she plans to buy more brake fluid, which is very much needed by the many taxis in Brazzaville. One of her strategies in her business has been selling in bulk to owners of multiple taxis. With these regular customers, there is less risk of having a bad month of sales. With future profits Ernestine hopes to further diversify her inventory as well as construct a new home for her family. She thanks you all for your support!!!

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.

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.)

  • $2,250
    Average annual income
  • 0
    View loans »
    Congo (Rep.) Loans Fundraising
  • $2,229,225
    Funds lent in using Kiva
  • 484.9
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of Bana Na Nzambe 2 (2) Group's $5,075 loan helped a member to buy brake fluid.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 28, 2013
Listed
Sep 27, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014