Check out some available loans that are similar to this one!
Que Dieu Nous Benisse Group
In this Group: Basile, Elvis, Francoise, Timothée, Ella, Agathe, Agniés, Perpetue, Severine, Emile, Germaine
Basile is one of the members of the group Que Dieu Nous Benisse (2). The group consists of 11 microentrepreneurs from Brazzaville, Congo. Basile is married with nine children whose ages range from 22 to 36 years old. Basile 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 five years. His business is a general store, selling many different items including drinks, flour, sugar, and other food items. He says his biggest challenge so far is the inconsistency of his suppliers. Often, when he goes to restock his store, the supplier does not have any inventory available for sale. With this next loan, he will be able to buy more of each of these items to further grow his inventory. By buying in bulk, he will be able to continue to work through those periods when his supplier is out of inventory. Basile hopes to continue to grow and diversify his store in the future. With future profits, he dreams of one day building his own home. He also wants to teach his children the business so they can one day have a business of their own. He 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.

Please note that this Field Partner does not meet all of the minimum criteria for partnership with Kiva. HOPE Congo is a start-up MFI that is being fully backed by the HOPE International with an institutional guarantee. Because Kiva lenders are fully protected against institutional failure by the guarantee agreement, Kiva felt it was appropriate to override our minimum criteria in order to access this new market.

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.)

  • $2,250
    Average annual income
  • 0
    View loans »
    Congo (Rep.) Loans Fundraising
  • $2,177,650
    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 $5,550 loan helped a member to buy cartons of milk and large sacks of sugar.
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