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Edgard
A 36-year-old young man with two children at school, he sells the pagnes (colorful West-African printed cloth) on a market stall, taking his clients' income into account.

For the past two years, he has used local wholesale suppliers. He purchases fashionable pagnes to appeal to his clients, and his daily sales vary between F30,000 and F120,000.

HOPE's loan will allow him to renew his pagnes inventory by purchasing twenty pagnes "sosso wax," ten "qualiwax," and ten "wax"; it's his moment to shine.
In the future, he intends on opening a store to sell pagnes wholesale and retail, to offer value to the women who wear his products.

By increasing his revenues, he will be able to provide for his family's financial and social needs.
His unaffected ways are renowned in his neighborhood.
View original language description ↓
Jeune homme de 36ans marié avec 2enfants qui fréquente l’école .En tenant compte des revenus de ses clients, il vend les pagnes au marché sur un étalage.

Depuis 2ans, il s’approvisionne auprès des grossistes sur place, il achète les pagnes à la mode pour attirer ses clientes et ses ventes journalières sont comprises entre 30.000F à 120.000F.

Le prêt de HOPE va lui permettre de renouveler son stock de pagne en achetant : 20 pièces wax sosso, 10 pièces de pagnes qualiwax, 10pagnes c’est le moment brillant.
A l’avenir, il compte ouvrir une boutique pour vendre les pagnes en gros et détail afin donner de la valeur à celle qui les portes.

En ayant plus de revenus, il sera capable de subvenir aux situations financières et sociales de sa famille.
Sa simplicité est connue de tous dans son quartier.

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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
  • 471.4
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD