Update on BeatriceA client aged 39, married and the mother of a son of nine years old, she got into business about eight years ago when she finished her university studies.
Among the first clients of Hope, she has already received three loans and she has always had a great capacity for reimbursement and has put aside considerable savings. Her income has gone up a lot and she makes sales for on average between 25,000 and 100,000 francs per day.
For this fourth loan, she will persevere in buying more merchandise and continue selling various sorts of goods such as salted fish, smoked fish, grocery items. She has cookies, yogurt, everything her customers are looking for.
Always motivated by her business, she intends to go far, attain her objectives, and become a businesswoman.
Cliente de 39 ans, mariée et mère d'un garçon age de 9 ans, elle se lance dans le commerce bientôt 8 ans, quand elle finit ses études universitaires.
Parmi les première cliente de Hope, elle a déjà bénéficie de 3 cycle de prêts, elle a toujours eu une grande capacité de remboursement et détient des épargnes considérables, ses revenus ont largement augmentes, elle vend en moyenne 25.000 fr a 100.000 fr par jour.
Pour ce quatrième prêt , elle persévère en achetant plus de marchandises, continuer avec la vente des produits divers , comme poisson sale, le poisson fume, les produits d'alimentation, elle fait les gâteaux, du yaourt,tous ce dont les clients cherchent.
Toujours motivée par ce qu'elle fait , elle tient a aller loin , atteindre ses objectifs et être une femme d'affaire.
Previous Loan DetailsBeatrice O. is a very loyal client who repaid her first loan consistently without difficulty. She wants to continue operating her business. The first loan was beneficial to her given that she has saved a lot of money for reaching her goal and her sales increased from 30,000 to 65,000 CFA. For the… More from Beatrice'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