Update on Jean AimeHaving completed his university program, the 31-year-old client runs a grocery stand on campus to make ends meet month to month since he only receives his student funding in very small portions at a time.
He sells canned food, sugar, boxes of milk, and other bare essentials so that the students on campus don't have to go far. Having already received several loans from Hope, his revenues have considerably increased, the conditions of his social life have changed, and he has enlarged his stand.
He is currently saving up to open a store. Even if he finds a job someday, he will never be able to abandon his business. He is currently supporting his brothers and sisters who are still in school.
Client de 31 ans, étudiant ayant fini son cycle universitaire,il ouvre un kiosque d'alimentation au Campus pour joindre ses bouts de mois puisque la bourse étant paye a compte goutte.
Il vend des conserves, du sucre, des cartons de lait et tous les produits de premières nécessités pour freiner les étudiants du Campus d'aller loin.
Ayant deja bénéficié de plusieurs prêts de Hope, ses recettes ont largement augmentes, les conditions de sa vie sociale ont changées et il a agrandi son Kiosque.
Pour l'avenir il est entrain d'épargner pour ouvrir une boutique meme s'il trouve un jour du travail il ne pourra jamais abandonner son activité, il est entrain de soutenir ses frères et sœurs qui sont encore sur le banc de l'école.
Previous Loan Details30 years of age, partially disabled and in his last year of undergraduate studies, he keeps a small grocery store on campus, in order to allow his fellow students to make all their everyday purchases without having to go far. His daily sales before the first loan were 10,000 West African… More from Jean Aime'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
- Nov 16, 2011
- Dec 1, 2011
- Currency Exchange Loss:
- Jun 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.