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Ma Foi (2) Group
In this Group: Marianne*, Christine Eveline, Laéticia Laure Perrine, Houakou Isabelle, Clarisse Hortense, Françoise Nicole, Ella Brunelle, Slyvie
* not pictured
Marianne is a member of the group MA FOI (2), which stands for My Faith, and is the leader of a group consisting of seven other micro-entrepreneurs from Brazzaville, Congo. At 63 years old, Marianne is currently on her third loan cycle with HOPE Congo. She has three children and also supports two grandsons, who live with her, through her market stall selling vegetables, fruit and other food. Marianne has been selling in the market for ten years and is well acquainted with the difficulties of sudden changes in price, but manages to draw in clients by continuing to be warm and welcoming. With this loan of 200,000 CFA, Marianne will purchase additional dried fish, corn and other vegetables to sell. Eventually Marianne hopes to be able to build a house on a small piece of land and help send her grandchildren to study in Canada.

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.

About Congo (Rep.)

  • $2,250
    Average annual income
  • 0
    View loans »
    Congo (Rep.) Loans Fundraising
  • $2,244,275
    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 (2) Group's $1,850 loan helped a member to purchase additional dried fish, corn and other vegetables to sell.
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