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Que Dieu Nous Benisse Group
In this Group: Augustine , Thérèse, Marlaine, Kady, Patricia, Lucette, Ellia, Martine, Alexandre, Albertine, Edgorine
Augustine is one of the members of the group Que Dieu Nous Benisse (1). The group consists of 11 micro-entrepreneurs from Brazzaville, Congo. Augustine is a single mother of three children whose ages range from 29 to 36 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 18 years. Her business consists of selling second-hand clothing. She says her biggest challenge so far in her business has been the seasonality of supply from vendors, which causes drastic changes in prices. With this next loan, she will be able to buy in bulk, which will allow her to get through those tough times of low supply without having to pay the extra high prices. Augustine has big dreams for the future and hopes that one day she will be able to travel abroad to study 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.

Tags

About Congo (Rep.)

  • $2,250
    Average annual income
  • 1
    View loans »
    Congo (Rep.) Loans Fundraising
  • $2,220,975
    Funds lent in using Kiva
  • 483.9
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of Que Dieu Nous Benisse Group's $5,175 loan helped a member to buy many second-hand clothes in bulk.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 3, 2013
Listed
Oct 22, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014