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Shamma 2 (1) Group
In this Group: Simone, Keva, Nathalie, Arnaud, Esperance, Elodie, Davy, Bernadette
Simone is a single mother of four living and working in Brazzaville, the Republic of Congo. Since being separated from her husband several years ago, Simone has been working to provide for her four children, two of whom are still in school. In addition to Simone’s four children, Simone’s two younger sisters, a younger brother and two orphans live with her. For years, Simone has thus been running a small businesses selling diverse items from food to small containers, and decided to join a small group of 17 other micro-entrepreneurs with HOPE Congo.

Since joining HOPE Congo in 2011, Simone is now on her fifth loan cycle and heads up a subgroup of seven within the community bank group SHAMMA 2 (1). Simone is eager to keep growing her business activities, and has since expanded to have a small drinks business out of her home and a used clothing business. She would like to use her loan of 400,000 CFA to purchase a small shop where she can combine her cold drinks business with her other diverse goods business.

Simone dreams of one day being able to buy a piece of land and build her own home there. As a mother, Simone also hopes that all of her children will be able to grow and succeed in the future after finishing school.

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
  • 484.3
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A portion of Shamma 2 (1) Group's $6,200 loan helped a member to purchase a small shop for her cold drinks and diverse goods business.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Jun 3, 2014
Jun 17, 2014
Currency Exchange Loss:
Oct 17, 2014