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L'oeil De Dieu (2) Group
In this Group: Synthiana, Trésor, Oscar, Sophie, Félicien, Claudine, Arlette, Pascaline, Marie
Synthia is one of the members of the group Loeil de Dieu (2). The group consists of nine micro-entrepreneurs from Brazzaville, Congo. Synthia is a single mother of three children whose ages range from 3 to 13 years old. She is very excited to be receiving her first loan from HOPE Congo. She has had her business for around three years. Her business consists of selling prepaid telephone cards as well as SIM cards for various cellular providers in Congo.

With this next loan she will be able to buy more of each of these items to further grow her inventory. By buying in bulk, she will be able to reduce her costs, giving her a competitive advantage in her bustling market. With future profits she hopes to further expand her business and build a 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.

About Congo (Rep.)

  • $2,250
    Average annual income
  • 0
    View loans »
    Congo (Rep.) Loans Fundraising
  • $2,229,225
    Funds lent in using Kiva
  • 484.2
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of L'oeil De Dieu (2) Group's $4,200 loan helped a member to pay for prepaid minutes charge cards, SIM cards, and telephones.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 7, 2013
Listed
Oct 25, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014