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La Fortune 2 (2) Group
In this Group: Christa Estelle Brunelle, Harlette, Nina Prisca, Wilfrid Dick Sosthène, Dany Facina Emercia, Princesse Caridad, Diane Crichna Chancelvy, Yolande, Fridolin Elzear, Daniel Magalie, Aurelie Flore, Chantavil Sainte Maomine
Brunelle is a member of the community bank group La Fortune 2 (2) and leads a group of 11 other micro-entrepreneurs in Brazzaville, Republic of Congo. Brunelle supports her husband and two children through running a restaurant out of her home, and she needs this loan to help purchase additional supplies for her restaurant: fresh and dried fish, sugar and coal.

In the future, thanks to taking out loans with HOPE Congo, Brunelle would like to open a second restaurant and be able to purchase a piece of land to build her own home. She hopes that she’ll be able to eventually purchase a car so that her son can have a job as a taxi driver in Brazzaville.

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.

About Congo (Rep.)

  • $2,250
    Average annual income
  • 0
    View loans »
    Congo (Rep.) Loans Fundraising
  • $2,220,925
    Funds lent in using Kiva
  • 474.2
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of La Fortune 2 (2) Group's $6,875 loan helped a member to purchase fresh and dried fish, sugar and coal for her restaurant.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 31, 2014
Listed
Apr 28, 2014
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014