Update on Marie-JeanneThis borrower is a 48-year-old married woman and mother of three children aged between 14 and 20 years old. She started selling beignets, corn porridge and rice pudding nearly 20 years ago to support her family. She has received several previous loans, which were a great help in expanding her activity, increasing her capital and boosting her revenue. Her daily sales average 50,000 to 75,000 francs and she has made substantial savings.
She is seeking a new loan to purchase five 50 kg bags of flour, five 25-liter jugs of oil, 50 kg of rice, 25 kg of corn porridge, and 50 kg of milk. Because she runs her business near a primary school, her strategy is to start frying her beignets early every morning so that the schoolchildren may stop by to get their breakfast. Later in the day, she makes choux pastries and cakes to sell around the neighborhood.
She improved the quality of her services and saw her family’s living conditions take a turn for the better. She can now afford her children’s tuition in private institutions.
Her goal for the future is to continue to save and become a flour wholesaler in Congo.
Cliente de 48 ans, mariée et mère de 3 enfants dont l’âge varie entre 14 et 20 ans, elle se lance dans la vente des beignets et bouillie de mais et du riz au lait il y’a bientôt 20 ans, pour subvenir aux besoins de sa famille.
Ayant déjà bénéficié de plusieurs cycles de prêts, ces prêts ont largement contribué a l’accroissement de son activité, son capital a largement évolué, ses recettes ont largement augmentées, elle vend en moyenne 50.000 a 75.000 frs par jour et elle a fait des épargnes considérables.
Avec ce nouveau prêt, elle va acheter 5 sacs de 50 kg de farines, 5 bidons de 25 l d’huile, 50 kg de riz, 25 kg bouillie de mais, 50kg de lait. Son activité étant située non loin d’une école primaire, elle a pour stratégie de commencer à frire ses beignets de bon matin pour que les écoliers qui y passent prennent leur petit déjeuner, le soir elle fait des pâtes à choux, des gâteaux qu’elle vend aussi dans le quartier.
Elle a d’abord améliorée la qualité de ses services, ses conditions de vie famille ont positivement change, puisqu’elle arrive à payer les études de ses enfants qui sont dans les institutions privées.
Pour l’avenir, elle est entrain de continuer a épargner pour être une grossiste de farine ici au Congo
Previous Loan DetailsA married woman and the mother of three, she runs a small bakery, preparing beignets and corn porridge. She is in this business for 20 years and already had one loan, which she repaid successfully. In order to bolsert her business, she would like to try a second loan, planning to purchase the… More from Marie-Jeanne'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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