Update on ChantaleThis client is 44 years old and single with six children. She has already received three loans from Hope, which she reimbursed successfully. She has put aside considerable savings. Her sales have gone up a lot from 25,000 to 150,000 francs per day.
On receiving her fourth loan, she is going to add to her stock of salted fish by buying 15 cartons of cod, 20 cartons of sole, 15 cartons of shark, and 15 cartons of tuna.
She is absolutely intent on attaining her objectives: opening a salted fish depot in a short time and importing cartons of fish from overseas in order to be a wholesaler.
With her profit, she continues to save and to care for her children.
Cliente de 44 ans,celibataire avec 6 enfants , ayant déjà bénéficié de 3 cycles de prêts a Hope, elle a rembourse avec succès et a des épargnes considérables, ses ventes ont largement augmentes de 25000 fr a 150.000fr par jour.
A l'octroi de son quatrième prêt , elle va renforcer son stock de cartons de poissons sales en achetant 15 cartons de morues, 20 cartons de soles,15 cartons de requins, 15 cartons de thons.
Elle tient a tout prix a atteindre ses objectifs, celui d'ouvrir un dépôt de poisson sale dans peu de temps et importer les cartons de poissons de l'étranger pour être grossiste.
Avec ses bénéfices elle continue a épargner et prend soi de ses enfants.
Previous Loan DetailsThis client, 43 years old, has an entrepreneurial spirit. She has already had 2 loans, both of which were properly repaid. She has been able to save a considerable amount and now is requesting a 3rd loan. With this loan, she plans to buy 40 boxes of salted fish: 10 boxes of of cod, 10 boxes of… More from Chantale'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.)
0View loans »
Success!! The loan was 100% repaid