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Eternel 1 Group
In this Group: Ajarn Lubie, Antoinette, Augustin, Edith Valerie, Olga, Aimee Ghislaine
Ajarn, age 35, is single with 2 children, ages 4 and 11 years old. Both of his children are currently attending school. Ajarn is representing the Eternel 1 group. He primarily sells phone credit by Congolese cell phone companies. He also sells other small electronics. He has been operating this business for 5 years. The common cell phone in the Congo does not run on a plan or contract. People must buy phone cards with "credit" that gives the phone minutes of call time. Ajarn plans to use the loan to buy more cards with phone credit on them from the Congolese cell phone companies. His business strategy is to offer friendly customer service and have a large stock of different priced cards at all times.
This is Ajarn's first loan from HOPE Congo, Kiva's partner. His group and HOPE are confident that they will repay the loan. Ajarn wants to continue to operate his business in the future. He hopes his family will prosper and be happy.

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
  • 508.5
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD