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Ma Foi (1) Group
In this Group: Audrey, Bernadette, Laure Ursule, Christine, Esaïme Sylvie, Odile, Bertille
Audrey leads a group of seven micro-entrepreneurs in the group MA FOI (1). A mother of three with two of her children still in school, Audrey sells cookies, candy and homemade cold sweet drinks. Now on her fifth loan cycle with HOPE, Audrey plans to use this loan of 200,000 CFA to purchase additional cookies, candy, flavoring for her drinks and sugar to create her products. In the future, she would like to open a butcher’s shop and dreams of being able to continue supporting her family financially.

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
  • 4
    View loans »
    Congo (Rep.) Loans Fundraising
  • $2,265,350
    Funds lent in using Kiva
  • 474.5
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of Ma Foi (1) Group's $2,400 loan helped a member to purchase items for her stall, including cookies, candy, flavoring and sugar.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 2, 2014
Listed
Apr 29, 2014
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014