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La Ruche (1) Group
In this Group: Urmant, Didace, Chimène, Richy, Solange, Chabelle, Jacques, Carine, Yolande, Patrick
Urmant is one of the members of the group La Ruche (1) and is a leader in her group along with nine other micro-entrepreneurs from Brazzaville, Congo. This is Urmant’s very first loan cycle with HOPE Congo. As a hairdresser she will use her loan to purchase chairs and other supplies needed for her hair salon. A key strategy for her to grow her business in the future is to reinforce her business capital through the profits that she earns. One day Urmant dreams of being able to open her very own hairdressing school and to be able to teach other young girls in the community how to style and cut hair. For her family she hopes to ultimately to be able to build a new house for her and her six year-old child.

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.

About Congo (Rep.)

  • $6,600
    Average annual income
  • 0
    View loans »
    Congo (Rep.) Loans Fundraising
  • $2,281,600
    Funds lent in using Kiva
  • 479.4
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of La Ruche (1) Group's $5,025 loan helped a member to purchase chairs and supplies for her beauty salon.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Jan 20, 2014
Jan 27, 2014
Currency Exchange Loss:
Jun 17, 2014