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Clementine
Clémentine N., age 60, is a merchant. She's divorced and has eight children (aged 20 to 41) to support. In 1980, she started selling layettes in order to be able to raise her children. She used her first loan to buy supplies from Kinshasa, Cotonou and China. She sold for XOF 25'000 to 60'000 per day and managed to put away a large sum. She repaid her loan without much difficulty.

Considering the experience she acquired, she wants to seek another loan, to bolster her stock and expand her selling stalls, so that her daughter can help her with the sales at the market. A true entrepreneur, she intends to travel abroad herself to get her supplies and become a wholesaler.
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Commerçante de 60 ans, divorcée avec 8 enfants a sa charge dont l'age varie entre 20 et 41 ans. En 1980 , elle se lance dans la vente de la layette pour subvenir aux différents charge qui lui incombe pour élever ses enfants.
Avec son premier prêt elle a fait acheter de la marchandise aux commerçantes qui viennent de Kinshasa,Cotonou et de la Chine, elle a fait des ventes de 25000 fr a 60.000frs par jour a beaucoup épargne et a rembourse son prêt sans trop de difficultés.
Vu l'expérience acquise , elle veut persévérer pour l'octroi d'un autre prêt,renforcer son stock et élargir ses étalages de ventes pour que sa fille l'aide pour vendre au marche.
Tres entreprenante, elle a l'intention d'aller elle même acheter a l'étranger comme font les autres pour qu'elle soit grossiste .

Additional Information

More information about this loan


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.

Please note that this Field Partner does not meet all of the minimum criteria for partnership with Kiva. HOPE Congo is a start-up MFI that is being fully backed by the HOPE International with an institutional guarantee. Because Kiva lenders are fully protected against institutional failure by the guarantee agreement, Kiva felt it was appropriate to override our minimum criteria in order to access this new market.

About Congo (Rep.)

  • $2,250
    Average annual income
  • 0
    View loans »
    Congo (Rep.) Loans Fundraising
  • $2,177,650
    Funds lent in using Kiva
  • 478.5
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Clementine to buy diapers, brassieres, blankets, feeding bottles, sheets, drawsheets.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 31, 2011
Listed
Feb 11, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 21, 2011