Check out some available loans that are similar to this one!
Xavier Judicael
This client is 31, married and the father of two children aged two and eight years old. At the end of his middle school studies, lacking means and saddled with responsibilities, he got into making brooms. He buys broom handles and palm straw from his suppliers, empty food tins and tacks to make brooms that he sells wholesale.

His workshop is in his home and he takes in from 45,000 to 100,000 francs per day. Since his production capacity is low, on receiving his loan he is going to buy bundles of straw, 10 kilos of tacks, wood and other accessories to make his brooms. He has a lot of demand and in future he would like to be able to make at least 100 brooms per month, raise his production capacity and also lower his sales prices.

With the profit he will be able to save to pay for his children's schooling and build a house for his family.
View original language description ↓


Client de 31 ans, marie et père de 2 enfants dont l’âge varie entre 2 ans et 8 ans. A l’arrêt de ses études en classe de troisième faute de moyens et vu sa charge, il se lance dans la fabrication des balais.
Il achète des tas de manches a balais, des brindilles de palmiers chez ses livreurs, des boites de conserves vides et des pointes pour faire ses balais qu’il vend en gros.

Son atelier est situe chez lui a domicile, il a des recettes de 45.000 a 100.000frs par jour.
Vu que sa capacité de production est très faible à l’octroi de son prêt il va acheter des tas de brindilles, 10kg de pointes, des tas de bois et autres accessoires pour fabriquer ses balais
Il a une forte demande, a l’avenir il veut confectionner au moins 100 balais par mois, agrandir sa capacité de production et aussi réduire ses prix de vente.

Avec les bénéfices, il pourra beaucoup épargner pour financer les études de ses enfants et construire une maison pour 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
  • 457.8
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Xavier Judicael to buy bundles of palm straw, broom handles, and tacks.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 1, 2011
Listed
Aug 9, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2011