Christ Roi (2) Group
Brice is a member and leader of the loan group Christ Roi (2), a group of five micro-entrepreneurs from Brazzaville, Congo. Brice is on his third loan cycle with HOPE Congo. When Brice first became involved with HOPE, he sold packaging materials for a living. Now, he has a small business renting out wheelbarrows.
Brice will use this loan of 700,000 XAF to purchase more packaging supplies to sell and additional wheelbarrows to rent out. In the future, Brice hopes to sell his wheelbarrows and open several small shops. His dreams for his family are to finish his home and expand his business to include his brothers.
More information about this loan
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.
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About Congo (Rep.)
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Success!! The loan was 100% repaid