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Montagne De Sion (2) Group
In this Group: Judicaël, Roseline, Jeanne, Annie, Chanelevie, Natacha, Rosalie, Rosie, Urbain, Aurelie, Thérèse, Marie
Judicaël is a young father of three living and working in Brazzaville, the Republic of Congo. In order to support his three young children and his wife, Judicaël runs his own hot food stand and broom-selling business. In order to have a stable income for his family, Judicaël recently joined HOPE Congo and became a member of the community bank group MONTAGNE DE SION (2), where he leads a subgroup of 11 other micro-entrepreneurs.

As a member of MONTAGNE DE SION (2), Judicaël would like to take out a small loan of 250,000 CFA to invest in his various business activities. With it, he hopes to purchase more brooms to sell in bulk to local hardware stores. In the future, Judicaël aspires to purchase a motorcycle to transport his goods more quickly and increase his revenue. Judicaël dreams of being able to save his money little by little so that he can one day build his family their own home.

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.)

  • $6,600
    Average annual income
  • 0
    View loans »
    Congo (Rep.) Loans Fundraising
  • $2,281,600
    Funds lent in using Kiva
  • 484.3
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of Montagne De Sion (2) Group's $5,575 loan helped a member to purchase more brooms.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 5, 2014
Listed
Jun 17, 2014
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014