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Amour Du Prochain 2 (#1) Group
In this Group: Christian Serge, Chimelle Theodora Sidonie, Contant Victoire, Nina Charlotte
Serge, age 44, is single with two school age children. He also provides and cares for his elderly father. Serge is representing the Amour du Prochain 2 (#1) group. He operates a creamery in a local market. In Congo it is common for individuals to own ice cream machines and serve soft serve ice cream on the street. He has had this business for five years. He will use the loan to buy milk, sugar, oil, salt, and flour. His biggest difficulty is the inconsistent electricity in the city, but he has found ways to work around this to stay profitable. He has overcome this problem and has continued to advance his business.

Serge has received three previous loans from Kiva's partner, HOPE Congo. He has a good repayment record. He hopes to one day buy a parcel of land and build a home for his family.

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
  • 508.9
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of Amour Du Prochain 2 (#1) Group's $3,950 loan helped a member to pay for milk, sugar, oil, salt, and flour.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
May 3, 2012
May 24, 2012
Currency Exchange Loss:
Dec 15, 2012