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My God (2) Group
In this Group: Alexandre, Prisca, Alexandrine , Aimée-Lézine, Bienvenu , Patty , Paterne , Sylvestre, Pascaline, Claire
Alexandre runs a small diverse goods shop selling items such as oil, rice, mayo and biscuits. He is a member of the group MY GOD (2), and leads the group of nine other micro-entrepreneurs in Brazzaville, Republic of Congo.

An experienced vendor, Alexandre started out with just a small market kiosk and now has his own shop. Alexandre would like to purchase additional merchandise to sell at his shop through taking out a loan of 400,000 CFA with HOPE Congo.

Alexandre first joined HOPE Congo in 2012, and is currently on his sixth loan cycle. He hopes to be able to continue to grow his business and continue supporting his family.

The father of three children, Alexandre hopes that they will one day be able to grow up to work jobs of their own. Through growing his business, Alexandre dreams of being able to buy his own property and build a home for his family.

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
  • $2,229,225
    Funds lent in using Kiva
  • 478.7
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of My God (2) Group's $4,925 loan helped a member to purchase additional bottles of oil, rice, mayonnaise and buscuits to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 8, 2014
Listed
May 25, 2014
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014