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Bana Na Nzambe (1) Group
In this Group: Marcelin, Georgette, Jarine, Judith, Rosalie, Celestine, Rose, Alda
Marcelin is one of the members of the group Bana Na Nzambe 2 (1). The group consists of eight micro-entrepreneurs from Brazzaville, Congo. Marcelin is married with four children, ages ranging from 3 months to 27 years old. He is very excited to be receiving his second loan from HOPE Congo after having successfully paid off his previous loan. He has had his business for around seven years. His business is a general store, selling many different items including beverages and medical supplies. With this next loan he will concentrate on buying large cases of mineral water and milk. By buying in bulk, he can pass on cost savings to his customer, giving him a competitive advantage. Brice hopes to continue to grow and diversify his store in the future. With future profits he dreams of one day selling cars as well as studying abroad. He thanks you all for your support!!!

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
  • 484.9
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of Bana Na Nzambe (1) Group's $4,025 loan helped a member to pay for cases of mineral water and milk.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 28, 2013
Listed
Sep 27, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014