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Louange (1) Group
In this Group: André, Lidia, Justine, Florence, Rosine , Mimicha, Edouarsie , Christine, Thérèse, Christ , Lomeldy
André is a micro-entrepreneur in Brazzaville, Republic of Congo. He owns a small butcher shop and sandal stand. Only 19 years old, André joined a community bank group with HOPE Congo last year and hopes to start his second loan cycle by taking out a loan of 250,000 XAF. With this money he plans to purchase additional meats to sell such has fish, chicken and tripe. André hopes to be able to grow his business until it flourishes and provides a stable income. One day André dreams of being able to fully support himself and lead a balanced life.

André loves the business practice of saving, and every two days he makes sure to put a little aside from his sales in order to help achieve his dreams.

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
  • 4
    View loans »
    Congo (Rep.) Loans Fundraising
  • $2,265,350
    Funds lent in using Kiva
  • 491.0
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Louange (1) Group's $4,750 loan helped a member to purchase additional meats to sell such has fish, chicken and tripe.
99% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 7, 2014
Listed
Aug 22, 2014
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015