Check out some available loans that are similar to this one!
Bethanie (1) Group
In this Group: Georges , Rosalie , Gisele, Suzanne, Donnal , Sergios, Eliane, Pierrette, Moisette, Felicia, Patrick
Georges is a micro-entrepreneur and a member of the community bank group BETHANIE (1) in Brazzaville, the Republic of Congo. Georges owns his own food stand, making and selling coffee and small food items. The leader of a small subgroup of 10 other micro-entrepreneurs in Brazzaville, George would like to take out his first small loan with HOPE Congo of 250,00 XAF. With this loan Georges hopes to purchase milk, sugar and spaghetti that he will make into a typical breakfast dish with beans.

Georges draws in clients by creating good relationships, showing them respect and providing good service. In the future he hopes that he’ll be able to grow and expand his business to the point where he is able to open multiple locations in Brazzaville. As the father of two children under the age of six, Georges dreams of being able to take care of his family and becoming financially independent.

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.

Please note that this Field Partner does not meet all of the minimum criteria for partnership with Kiva. HOPE Congo is a start-up MFI that is being fully backed by the HOPE International with an institutional guarantee. Because Kiva lenders are fully protected against institutional failure by the guarantee agreement, Kiva felt it was appropriate to override our minimum criteria in order to access this new market.

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
  • $2,177,650
    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 Bethanie (1) Group's $5,200 loan helped a member to purchase milk, sugar and spaghetti that he’ll make into a typical breakfast dish with beans.
99% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Aug 7, 2014
Aug 22, 2014
Currency Exchange Loss:
Jan 17, 2015