Check out some available loans that are similar to this one!
Christ Roi (1) Group
In this Group: Gildas, Berdelon Liard, Martine, Macaire Aurelien, Rosia Cornely Dorlych
Gildas is a member of the group Christ Roi (1) and the leader of a group consisting of four other micro-entrepreneurs from Brazzaville, Congo. Gildas is on his third loan cycle with Hope. He and his wife have a one-year-old child and they dream of being able to build their own family home.

Gildas has a small shop selling food and various other goods, and want to use his next loan to purchase additional products to resell, such as soap, beauty products, and candy. In the future, Gildas hopes to open a store that sells bulk products.

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.)

  • $2,250
    Average annual income
  • 0
    View loans »
    Congo (Rep.) Loans Fundraising
  • $2,244,275
    Funds lent in using Kiva
  • 474.8
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of Christ Roi (1) Group's $7,800 loan helped a member to purchase additional products to resell, such as soap, beauty products, and candy.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 6, 2014
Listed
Mar 27, 2014
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014