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Bana Na Nzambe (2) Group
In this Group: Rose, Guy, Marie, Stevie, Solange, Fideline, Annie, Lune, Galie
Rose is one of the members of the group Bana Na Nzambe 1 (2). The group consists of nine micro-entrepreneurs from Brazzaville, Congo. Rose is single with 2 children, ages 26 and 28 years old. She is very excited to be receiving her second loan from HOPE Congo after having successfully paid off her previous loan. She has had her business for around two years. Her business consists of selling general items, but the bulk of her profits comes from the selling of telephone minutes. With this next loan she will be able to buy more telephone recharge cards as well as some other inventory. With future profits she plans on diversifying her inventory to include other telephone networks. She dreams of training each of her children to start and operate their own business. 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.

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 (2) Group's $4,650 loan helped a member to pay for phone credit cards, sugar, and cooking oil.
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