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Noel Nestor
Our client, aged 48, is unmarried and the father of four children who range in age from 6 to 18. Having already benefited from several HOPE loans, he is now on his third loan cycle. His sales have increased from 80,000 to 120,000 francs per day. He has saved a considerable amount of money and has repaid without difficulties. With his profits, he is in the process of expanding his business from day to day.

With this third loan, he is going to buy PVC pipes, cables, electrical wires, light bulbs, faucets, screws, sparkplugs, and anything his customers need. He is intent on achieving his goal of opening a hardware store and going to East Africa and to Asia for his supplies.
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Client de 48 célibataire et père de 4 enfants dont l'age varie entre 6 ans et 18 ans, Ayant déjà bénéficié de plusieurs prêts de Hope , il est aujourd'hui a son troisième cycle de prêt, ses ventes ont augmentes de 80.000 a 120.000 frs par jour, il a eu a faire des épargnes considérables et a rembourser sans difficultés , et avec ses bénéfices , il est entrain d’élargir son activité du jour au jour.

Avec ce troisième prêt il va acheter des tuyaux PVC, des câbles et fils électriques, des ampoules, des robinets,vices, pointes et tous ce dont ses clients ont besoin.
Il tient a atteindre son objectif celui d'ouvrir une quincaillerie et aller en Afrique de l'est et en Asie pour s'approvisionner

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.

About Congo (Rep.)

  • $2,250
    Average annual income
  • 2
    View loans »
    Congo (Rep.) Loans Fundraising
  • $2,281,600
    Funds lent in using Kiva
  • 457.1
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Noel Nestor to buy PVC pipes, faucets, electronic equipment, light bulbs, and cables.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 11, 2011
Listed
Aug 10, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2011