Check out some available loans that are similar to this one!
Schilo Group
In this Group: Philippe Maurice, Blanche Pélagie, Augustin, Alben Youssof, Claudine, Emile Gisèle, Cécile, Auguste, Doptonie
Philippe is the leader of the group SCHILO, which consists of eight other micro-entrepreneurs from Brazzaville, Congo. The father of four children, Philippe is the proud owner of a small pastry business and also sells school supplies. Philippe is on his second loan cycle with HOPE Congo and plans to use his loan of 500,000 CFA (the local currency) to purchase sacks of flower and cans of oil to use in his pastry business. In the future Philippe hopes to open a bookstore. He dreams of being able to send his children to study in another country and hopes to one day own his own car.

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.

Please note that this Field Partner does not meet all of the minimum criteria for partnership with Kiva. HOPE Congo is a start-up MFI that is being fully backed by the HOPE International with an institutional guarantee. Because Kiva lenders are fully protected against institutional failure by the guarantee agreement, Kiva felt it was appropriate to override our minimum criteria in order to access this new market.

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
  • $2,177,650
    Funds lent in using Kiva
  • 474.8
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of Schilo Group's $9,900 loan helped a member to pay for sacks of flour and cans of oil for his pastry making business.
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