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Le Travail (#1) Group
In this Group: Genevieve, Delphine, Ilveut, Seraline, Wilfrid Arnaud
Genevieve, age 52, is single with 3 children. She is representing the Le Travail (#1) group. She sells fish and clothing in a local market. She has been selling these 2 products for 8 years. She has gained valuable customers over the years. She will use the loan to buy fish to replenish her stock. Her business stratgey is to study the market prices around the city and try to offer the most competitive prices.
Genevieve has received 2 previous loans from Kiva's partner, HOPE Congo. She has a good repayment record. She would like to eventually travel abroad to buy merchandise for her store. She feels she can find a great variety of clothes at a better price outside of Brazzaville. She hopes that as her business grows she can improve her 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
  • 503.4
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD