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Voie Du Salut 2 Group
In this Group: Alain Francis Ludovic, Alphsonsine, Rosette, Jacques, Griselda Josiah
Alain, age 41, is a single father of a 10-year-old child. He also provides for his father. Alain is representing the Voie du Salut 2 group. He operates a grocery stand where he sells many food and household products, including flour, sugar, soap, and milk. Alain will use the loan to buy various food and household items to sell in his shop. His business strategy is to buy his products in bulk which lowers the cost per item. He is able to do this because of the microloan he will receive.
Alain has received 3 previous loans from Kiva's partner, HOPE Congo. He has a good repayment record. As his business continues to grow, he would like to become a supplier one day.

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
  • 529.7
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of Voie Du Salut 2 Group's $4,725 loan helped a member to pay for various food and household items.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jun 26, 2012
Jul 10, 2012
Currency Exchange Loss:
Jan 15, 2013