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Montagne De Sion (1) Group
In this Group: Désiré , Romaric , Sylvie , Myrianne, Sorneille , Charmie , Zelda , Dhorote, Grâce, Marthe, Nadège, Flavie, Gaston
Désiré runs a small diverse grocery stand in Brazzaville, the Republic of Congo and is the president of the community bank group MONTAGNE DE SION (1). Now on his sixth loan cycle with HOPE Congo, Désiré would like to take out a small loan of 300,000 CFA in order to continue to grow his business. With this money, Désiré will be able to purchase additional bread, milk, hair extensions, notebooks, pens and phone credit cards to sell.

Leading a subgroup of 12 other micro-entrepreneurs in MONTAGNE DE SION (1), Désiré has overcome quite a few difficulties to continue his market stand. One of the most disastrous was when his business partner stole part of his profits and ran off with it. Since then, Désiré has been working hard to grow his business again, and hopes that once he is able to stabilize his income, he can change his business to selling phone credits in bulk. Having realized that buying phone credit is one of the main daily activities of Brazzaville’s population, Désiré hopes to use his business savvy to grow his profits and dreams of one day being able to travel to Ghana or the United States.

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 Montagne De Sion (1) Group's $6,200 loan helped a member to purchase additional bread, milk, hair extensions, notebooks, pens and phone credit cards to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Jun 5, 2014
Jun 17, 2014
Currency Exchange Loss:
Nov 17, 2014