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Louange (2) Group
In this Group: François, Joanna, Natacha, Yannick , Alice , Adelaïde, Olga, Berméla , Nadège, Pauline, Albertine, Albreche
François is a single father of seven children in Brazzaville, Republic of Congo. He runs his own business selling coal and kindling. Soon after he started his business, François learned about HOPE Congo and joined the community bank group, LOUANGE (2). François is the leader of a sub-group of 11 other micro-entrepreneurs in Brazzaville, and he would like to take out his second loan with HOPE Congo. With 250,000 XAF, François will be able to purchase additional bags of coal and kindling in bulk to sell in small bundles.

While it can be difficult to transport his goods from the forest to the market to sell, François keeps ahead of the competition by working hard to have a constant supply of stock. François has big dreams for the future, and hopes to one day become a supplier of wood and coal in bulk. He dreams of continuing to support his family in the future so that they can prosper.

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
  • $2,229,225
    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 (2) Group's $5,775 loan helped a member to purchase additional bags of coal and kindling.
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