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Rapha (1) Group
In this Group: Roll, Joseph, Lovina, Merija, Gladys, Dalia, Leticia, Carine, Sosthène, Sylvie, Bibiche
This group of borrowers is called Rapha 1 and consists of 11 micro-entrepreneurs from Brazzaville, Congo.

Roll (pictured with his hand raised) is one of the members of this group. He earns an income through selling different kinds of beverages and has operated his business for about four years. He tells us that his biggest challenge is dealing with the heavy rains during the rainy season, as this discourages customers from coming to his store. He and his wife have a nine-month-old baby.

Roll is very excited to be receiving his sixth loan from HOPE Congo after having successfully paid off his previous loans. With this next loan, he will be able to buy more of each of the beverages that he sells so that he can further grow his inventory. By buying in bulk, he can get his merchandise at a discounted price from his supplier and increase his profit margins. He says that one of the keys to his success so far has been his practice of selling on credit, which has created great customer loyalty.

Roll hopes to continue to grow and diversify his store in the future. With his future profits, he dreams of opening a restaurant someday or even owning a taxi.

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.

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
  • $2,244,275
    Funds lent in using Kiva
  • 484.2
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of Rapha (1) Group's $5,275 loan helped a member to buy a variety of beverages to offer for sale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 9, 2013
Listed
Oct 25, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014