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Redempteur 1 Group
In this Group: Dominique, Noel , Fostine, Jerica, Suzanne
Dominique, age 52, is married and has a 25 year-old child. He is representing the Redempteur 1 group. He owns a restaurant and has been operating it for 4 years. He will use the loan to buy food for his restaurant, including manioc, oil, and sacks of tomatoes. Manioc is a staple Congolese food that is made from the roots of local Casava plants. His business strategy is to market and promote his restaurant through flyers and posters. He also tries to improve the aesthetics of his restaurant and wants it to be inviting and pretty inside. Dominique has received 4 previous loans from HOPE Congo, Kiva's partner. He has a good repayment record. His next project will be to buy an ice cream machine for his restaurant.

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
  • 505.9
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD
A portion of Redempteur 1 Group's $5,150 loan helped a member to pay for food for his restaurant, including manioc, oil, and sacks of tomatoes.
Repayment Term
8 months (Additional Information)
Repayment Schedule
Oct 29, 2012
Nov 5, 2012
Currency Exchange Loss:
Dec 5, 2012