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La Paix 1 Group
In this Group: Pierre Berno, Mariane , Denise
Pierre Berno, age 34, is married with a 5-year-old child. He is representing the "La Paix 1" group. He sells used clothes in the local market in Brazzaville. He has had this business for 3 years. He is a very motivated young man. Pierre Berno is also a city bus driver, a position that allows him to make a little extra income. He will buy bales of used clothing with the loan. In Congo used clothing is put into large bales and sold in bulk by suppliers. His business strategy is to welcome each customer and offer good customer service.
Pierre Berno has received 3 previous loans from Kiva's partner, HOPE Congo. He has a good repayment record. He hopes to continue to expand his business and offer a greater variety of clothing items. He will use some of the profits from his business to put his child in a good school as well as provide for and improve his family's life.

Additional Information

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
  • 498.5
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of La Paix 1 Group's $3,025 loan helped a member to pay for bales of clothes to sell in his shop.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Apr 19, 2012
May 7, 2012
Currency Exchange Loss:
Nov 15, 2012