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Peniel (2) Group
In this Group: Virginie Clarisse, Enelie Flore, Estelle Josiane, Joachim, Joseph Jemelin, Lovely Perseverance, Nicolas, Faustine, Célestin, Nephtalie, Guillaume*, Angélique Marquise
* not pictured
Virginie is a single mother who has her own pastry-making business. She makes French treats, such as madeleines, cakes and brioches, and also sells homemade juices. As part of the community bank group PENIEL (2), Virginie wants to take a loan of 250,000 CFAs ($500) to purchase additional ingredients with which to make pastries, such as milk, sugar and flour.

Leading a sub-group of 11 other micro-entrepreneurs in Brazzaville, Congo, Virginie is currently on her second loan cycle with HOPE Congo. She hopes to start traveling in the future to other countries like Côte d’Ivoire and Senegal, to purchase goods there and then sell them in Brazzaville. Virginie also has big dreams for her 17-year-old son and wants to help him finish is BAC and then continue his studies abroad.

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
  • 474.5
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of Peniel (2) Group's $7,000 loan helped a member to purchase flour, milk, and sugar for her pastry-making business.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Apr 1, 2014
Apr 29, 2014
Currency Exchange Loss:
Aug 17, 2014