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Laurd

Update on Laurd

This is a 36-year-old client, married with three children whose ages range from 1 to 9 years. He began carpentry 17 years ago when he interrupted his schooling in fifth grade.

Having already been granted three loan cycles from Hope Congo, he made ​​huge profits from the sale of his furniture. He promptly reimbursed the loans and always put aside some savings. These loans have truly changed his financial and economic life.

This new loan will serve to strengthen the stock of supplies he needs to manufacture his furniture, by acquiring products such as rolls of fabric and velvet, boards, plywood, sponges, glue and nails.

His strategy is to manufacture furniture, such as wardrobes, buffets, cabinets, beds, armchairs, he then exhibits prior to sales.

Well known for the quality of work provided, he is currently putting his profits into savings to eventually buy a machine to plane and saw boards, and a wood lathe, to provide his customers with a final well-finished product.
View original language description ↓
Client de 36 ans, marie et père de 3 enfants dont l’âge varient entre 1 et 9 ans. Il se lance dans la menuiserie il ya de cela 17 ans, quand il arrête ses études en classe de cinquième.
Ayant déjà bénéficié de 3 cycles de prêt a Hope Congo, il a vraiment fait des énormes bénéfices avec la vente de ses meubles.
Il a fait des remboursements effectifs et a toujours épargné et ces différents prêts ont réellement change sa vie financière et économique.
Avec ce nouveau prêt, il va renforcer le stock des fournitures pour fabriquer ses meubles, en achetant les produits comme des rouleaux de tissus e velours, de la planche, des contre plaques, des éponges, de la colle et des pointes.
Sa stratégie est de fabriquer des meubles, comme des gardes linges, des buffets, armoires, des lits, des fauteuils, qu’il expose pour la vente.
Très connu par la qualité de travail fournit, avec ses bénéfices, il est entrain d’économiser pour acheter une machine de rabotage et sciage des planches, une tour a bois pour fournir a ses clients un travail finit et bien fait



Previous Loan Details

Laurd T. is a professional carpenter. He is 35 years old, married and the father of three children. He began his activity in 1993, without having had the possibility to make long studies. He took out a first loan to bolster his business by purchasing planks, plywood, nails, sandpaper, varnish ... More from Laurd's previous loan »

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.

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.)

  • $2,250
    Average annual income
  • 0
    View loans »
    Congo (Rep.) Loans Fundraising
  • $2,244,275
    Funds lent in using Kiva
  • 474.3
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Laurd to buy planks, plywood, varnish and sandpaper.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 8, 2011
Listed
Nov 9, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2012
This photo was used before for a previous loan for Laurd. It was first posted on Kiva on Feb, 2011. Learn More