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Redempteur 2 (1) Group
In this Group: David , Joudrier, Christine, Nadege, Flore Stella, Catherine, Alida, Elza Lollyo
David, age 52, is married and has three children, ages 13 to 33. Two of his children currently attend school. David is representing the Redempteur 2 (1) group. He owns and operates a restaurant. He has had this business for nine years. He will use the loan proceeds to buy drinks and a freezer for his restaurant. His business strategy is to keep his restaurant clean, up-to-date, and organized. He wants to give his customers a good dining experience.
David has received three previous loans from HOPE Congo, Kiva's partner. He has a good repayment record. Currently, he is renting the restaurant space, but in the future he hopes to own his own place. He wants his children to succeed in life. He is thrilled that his second child is attending college.

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
  • 482.0
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of Redempteur 2 (1) Group's $5,200 loan helped a member to pay for drinks and a freezer for his restaurant.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Jan 17, 2013
Feb 2, 2013
Currency Exchange Loss:
Jun 17, 2013