Update on SylvainThis client is forty two years old and single, without children. Having finished his university studies and not finding any work, he created a small business based on the retail sale of food products, including fresh food.
He has benefited from several loan cycles, and has managed a butcher shop with a capacity for sales and effective repayments. With an equally strong request, the fourth loan has permitted him to open a cold storage room. He purchased boxes of fresh food like fish, beef, pork chops and poultry.
He plans to save a lot, and right now he is in the process of accomplishing his objectives little by little. Exemplary in his characteristics as a businessman, he maintains friendly relationships and good cooperation in his community.
Client âgé de 42 ans et célibataire sans enfant.Ayant fini ses études universitaires, et ne trouvant pas du travail, il a crée une micro-entreprise axée sur la vente des produits alimentaires et vivres frais en détail.
il a bénéficie de plusieurs cycles de pets, il a gère une boucherie , avec une capacité de vente et des remboursements efficaces.
Avec une demande aussi forte,le quatrième prêt lui a permis d'ouvrir une chambre froide , il a achète des cartons de vivres frais comme le poisson, la viande de bœuf , des cotes de porcs et de la volaille
Il envisage beaucoup épargner et a l'heure actuelle , il est entrain d'atteindre petit a petit ses objectifs.
Exemplaire dans ses attributs d'homme d'affaire il entretien des relations d’amitié et de bonne coopération dans sa communauté.
Previous Loan DetailsThis exemplary member has successfully completed his first loan cycle. He ran his butcher shop with considerable savings and great enthusiasm, having purchased cartons of fresh food, poultry, tripe, and whatever else was needed to supply the business. He earned substantial revenues, averaging… More from Sylvain's previous loan »
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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
About Congo (Rep.)
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Success!! The loan was 100% repaid