Check out other loans that are currently fundraising!
Rapha (2) Group
In this Group: Simon, Stanley, Roselyne, Tania, Lima, Jacqueline, Cora, Aimée, Gerda, Angelique
Simon is one of the members of the group Rapha (2). The group consists of ten micro-entrepreneurs from Brazzaville, Congo. Simon is married with four children, whose ages range from 5 to 13 years old. Simon is very excited to be receiving his sixth loan from HOPE Congo after having successfully paid off his previous loans.

He has had his business for around eleven years. His business is a small convenience store, selling many different items including cooking oil, sugar, peanuts, etc. With this next loan, he will be able to buy more of each of these items to further grow his inventory. By buying in bulk, he will be able to offer his products at a cheaper price than his competitors, increasing his sales.

Simon hopes to continue to grow and diversify his store in the future. With future profits, he dreams of one day opening up a small boutique shop and maybe even a restaurant. He thanks you all for your support!!!

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
  • 480.0
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of Rapha (2) Group's $5,325 loan helped a member to buy cooking oil, sugar, peanuts, and other items.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Oct 9, 2013
Oct 25, 2013
Currency Exchange Loss:
Mar 17, 2014