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Morin Bernard
This customer is 35 years old, married, and a father of four children between the ages of two and eight.
In 2009, after losing his job, he ventured into pastry-making to provide for his family. To open the business, he purchased an artisan oven, cake and bun pans, flour and flavorings. His potential clients are schoolchildren, middle and high-school students, and the market's salespeople. His daily sales vary between 7,500 and 50,000 XAF.
When the loan is granted, he will purchase two 50-kilo bags of flour, 50 liters of peanut oil, a 50-kilo bag of sugar, baking powder and yeast, salt, 50 kilos of margarine, and a 50-liter container of milk.
In the long run, he wants to open a modern pastry shop, to modernize his equipment and to open a tea room. With the profits, he will take care of his family.
View original language description ↓

Client de 35 ans, marie et pere de 4 enfant dont l'age varie entre 2 et 8 ans.En 2009 ayant perdu son emploi, il se lance dans la patisserie pour subvenir au besoin de sa famille.Il avait achete un four artisanal, des moules a cake et brioches , de la farine et des condiments pour l'ouverture.
Ses potentiels clients sont les eleves,les collegiens et lyceens et les vendeurs du marche.
Ses ventes sont de 7500 a 50.000 frs par jour.

A l'octroi de son pret il va acheter 2 sacs de farine de 50 kg,50 l d'huile d'arachide,sac de 50kg de sucre, de la levure chimique et levure patissiere , du sel, 50kg de margarine et un sac de 50kg de lait.

A la longue , il veut ouvrir une patisserie moderne ,moderniser ses equipements et ouvrir un salon de the et avec ses benefices , il prendra soins de sa famille.

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
  • 462.5
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Morin Bernard to buy two bags of flour, 50 kilos of sugar, 25 kilos of margarine, salt, sugar and 50 liters of peanut oil.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Jul 14, 2011
Aug 9, 2011
Currency Exchange Loss:
Dec 17, 2011