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Rabbi (2) Group
In this Group: Roselyne Mireille, Marcelle Jeanne Rose, Daïxy Nadhy Joserelle, Nico, Venance Benette, Clarisse, Marina Celestin, Ndissou, Henriette
Roselyne Mireille is a member of the group RABBI (2) and leads a group of eight other micro-entrepreneurs in Brazzaville, Congo. At 35 years old, Roselyne is married and the mother of two children, ages 8 and 14. Roselyne has been working her own stand in the market, selling a variety of small goods for the past nine years.

Now on her eighth loan cycle with HOPE Congo, Roselyne plans to take out a loan of 300,000 CFAs in local currency, or approximately $600.

With this next loan, Roselyne will buy packets of bissap leaves to sell to juice vendors and beans for her stand.

In the future, Roselyne would like to be able to purchase a plot of land for her own store, and also purchase a piece of land for her family to live on.

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
  • 474.8
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of Rabbi (2) Group's $4,750 loan helped a member to purchase packets of bissap leaves and beans to sell at her stand.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 6, 2014
Listed
Mar 27, 2014
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014