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Le Progres 1 Group
In this Group: Genevieve, Maria Olga, Maixente, Alphonsine , Antoinette
Genevieve, age 50, is a single mother. She has four children, ages 22 to 32 years old. She has 2 children currently attending school. She also provides and cares for two grandchildren and one nephew. Genevieve operates a restaurant and a small butcher shop. She has been doing this for 20 years! She has made a presence in her neighborhood over the years and gained loyal customers. She will use the loan to buy sacks of beans and rice, fish, chicken, tomatoes, foufou, and charcoal. Her business strategy is to put the customers first offering friendly customer service. Genevieve has received five previous loans from HOPE Congo, Kiva's partner. She has a good repayment record. She wants to continue to improve her business and use her profits to improve her family's living conditions.

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

Success!! The loan was 100% repaid

A portion of Le Progres 1 Group's $5,550 loan helped a member to pay for sacks of beans and rice, fish, chicken, tomatoes, foufou, and charcoal.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Oct 30, 2012
Nov 5, 2012
Currency Exchange Loss:
May 17, 2013