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Obeissance (2) Group
In this Group: Boris, Jeannette, Edwige, Madzoumou, Steèle, Chiska, Delja, Thetey, Biyali, François
Boris is one of the members of the group Obeissance (2) and is the leader of this group consisting of nine other micro-entrepreneurs from Brazzaville, Congo. Boris is married with three children, all of whom are currently school-aged. Boris sells building supplies like cement and wants to be able to offer more construction services to his clients in the future. He has been challenged by the lower demand and activity during the Christmas holiday as well as the frequent changes in price that he sees in the marketplace.

In the future, Boris plans to launch other activities outside of selling cement and help his children to be able to find steady employment here in Brazzaville.

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.)

  • $6,600
    Average annual income
  • 0
    View loans »
    Congo (Rep.) Loans Fundraising
  • $2,281,600
    Funds lent in using Kiva
  • 479.3
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of Obeissance (2) Group's $5,025 loan helped a member to purchase building supplies and cement for resale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 20, 2014
Listed
Jan 25, 2014
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014