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Christ Vivant 2.2 Group
In this Group: Philémon, Marie, Edith, Sandrine, Mireille, Eric
Philemon is one of the members of the group Christ Vivant 2.2. He is the leader of a group consisting of five other micro-entrepreneurs from Brazzaville, Congo. Philemon purchases large sacks of foufou from a distributor in order to resell them in smaller quantities to his clients. Philemon has been with HOPE Congo for five loan cycles having started in 2010 and has eight children of his own! Philemon is often challenged with the poor quality of products that he purchases but is able to overcome poor quality by also offering a competitive price for his goods to his customers. One day Philemon has ambitions to transition from a seller to a producer by cultivating a field to grow manioc (cassava) and to allow him to make better quality foufou in the future. He also dreams one day that his children will want to work with him and pass this activity down to the next generation.

Additional Information

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 Christ Vivant 2.2 Group's $7,950 loan helped a member this borrower will use this loan to purchase foufou for resale in the market.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 21, 2014
Listed
Jan 25, 2014
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014