Update on Sylvie VarthanThis client is 42 years old, she is married with 6 children between the ages of 4 and 24 years. She opened a cafeteria nearly 20 years ago where she sells bread, sandwiches with milk, coffee, tea, and her potential customers are students, college students and high school pupils from a school complex situated not far from her home.
She has already benefitted from several loans from Hope Congo, and she has repaid them successfully and made considerable savings.
With this new loan, she wishes to continue in the same way by purchasing cartons of powdered milk, cartons of condensed milk, a bag of sugar, trays of eggs, boxes of pasteurised margarine and butter ,boxes of pork and beef pâté, cartons of cheese and also by booking regular bread delivery from a local baker.
She has great ambitions; to open a big restaurant one day . She contributes to the smooth running of her household and is helping her husband to build a house for the family.
Cliente de 42 ans, mariée et mère de 6 enfants dont l'age varie entre 4 et 24 ans. Il y'a bientôt 20 ans, qu'elle a ouvert un cafeteria, ou elle vend du pains,des sandwichs avec du lait, café ,du the et ses potentiels clients sont les élèves, collégiens et lycéens d'un complexe scolaire situe non loin de son lieu d'habitation.
Ayant déjà bénéficié de plusieurs prêts de Hope Congo , elle a rembourse avec succès et a fait des épargnes considérables.
avec ce nouveau prêt, elle veut continuer dans le meme sens en achetant des cartons de lait en poudre , carton de lait concentre, un sac de sucre, des palettes des œufs, cartons de la margarine et du beurre pasteurise, des cartons de pâtés de porc et de bœuf , cartons de fromages et prendre un abonnement de livraison de pains a une boulangerie de la place.
Elle a des grandes ambitions, celle d'ouvrir un jour un grand restaurant, elle participe a la bonne marche de son foyer et aide son mari a construire la maison familiale.
Previous Loan DetailsThis young woman is 41 years old, married, and has children. At the end of her studies, being unable to find work, she opened a cafeteria, and her potential clients are primary and secondary level students from a school complex located not far from her cafeteria. After being granted her first… More from Sylvie Varthan'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
- Repayment Term
- 8 months (Additional Information)
- Repayment Schedule
- Oct 17, 2011
- Nov 3, 2011
- Currency Exchange Loss:
- May 15, 2012
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.