With a second loan he expects to receive, Michel is going to bolster his business by buying toilets, faucets, circuit breakers, fuses, and spark plugs of any size.
For the future, he is thinking of getting started in wholesale with this savings, as well as opening a large store. He is also thinking of sending his children to top schools for their training and education.
Il commence ce commerce de quincaillerie en 2002. En moyenne il vend environ 5000 a 50.000frs par jours.
Avec le second prêt qu'il compte recevoir, il va renforcer son activité en achetant, des sanitaires, des robinets, des interrupteurs, des fusibles, des pointes de toute taille....
A l’ avenir il pense se lancer dans la vente en gros et avec ses économies, ainsi que pour pouvoir ouvrir un grand magasin. Il pense aussi à envoyer ses enfants dans des grandes écoles pour leur formations scolaire.
More information about this loan
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.)
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