Check out other loans that are currently fundraising!
Christ Vivant 3 (2) Group
In this Group: Raïssa , Jeanne , Placide Omer, Dorelle , Virginie , Ferlo Maxime, Savani, Isabelle , Marien , Roslie Sauvel
Raïssa is a micro-entrepreneur from Brazzaville, Republic of Congo. The leader of a subgroup of nine other micro-entrepreneurs in the community bank group Christ Vivant 3 (2), Raïssa is currently on her third loan cycle with HOPE Congo. Raïssa has a small business making and selling fou-fou, a traditional Congolese staple starch made from ground cassava root. She also sells various grocery items at her market stand. With a small loan of 400,000 CFA, Raïssa will be able to purchase additional bags of cassava flour to make into fou-fou.

Little by little Raïssa hopes to increase her savings and grow her business activities. One day she dreams of being able to stand on her own two feet and eventually pass on her business to her four children.

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 Christ Vivant 3 (2) Group's $6,925 loan helped a member to purchase additional bags of cassava flour to make into fou-fou.
99% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 5, 2014
Listed
Aug 22, 2014
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015