Check out other loans that are currently fundraising!
Developpement (2) Group
In this Group: Arland , Christelle, Cecile, Goma, Laurentine, Bertricia, Eudoxie, Viviane
Arland is the father of three children and a micro-entrepreneur in Brazzaville, the Republic of Congo. For the last eight years, Arland has sold salted fish and drinks in the market and at home. In order to increase his profits and expand his business, Arland joined HOPE Congo last year and is currently on his third loan cycle. A member of the community bank group Developpement (2), Arland leads a small subgroup of seven other micro-entrepreneurs in Brazzaville. He would like to take out a loan of 350,000 CFA to purchase additional imported fish and drinks to sell.

Eventually Arland dreams of expanding his businesses to also owning and renting out vehicles like taxis, which are an extremely popular mode of transport in Brazzaville. He hopes to keeps supporting his family so that his children will be well off, and eventually have their own piece of land to live on.

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
  • 491.0
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Developpement (2) Group's $4,800 loan helped a member to purchase additional imported fish and drinks to sell.
99% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 4, 2014
Listed
Aug 22, 2014
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015