Update on Noel NestorThis client is unmarried and has four children. He has already benefitted from several loans from Hope, successfully reimbursed his different loans, and accumulated considerable savings.
The change in his social and financial life has been very positive, and he is expanding his display.
With this fourth loan cycle, he is going to strengthen his stock of merchandise, by buying PVC pipes, electric cables, all types of lightbulbs, neons, faucets, sparkplugs, bathroom fittings and everything his clients need.
For the future, he wants to open a hardware store, and with the profits look after his family and their schooling.
Ce client est celibataire et a quatre enfant, il a deja bénéficie de plusieurs prêt de Hope , et a rembourse avec succès ses differents prêts et a fait des épargnes considérables.
Le changement est très positif dans sa vie sociale et financière , il est entrain d'élargir son étalage.
Avec ce quatrième cycle, il va renforcer le stock des ses marchandises, en achetant les tuyaux PVC,des câbles électriques,des ampoules de tous genre , des néons, des robinets des pointes et des sanitaires tous ce dont les clients ont besoin.
Pour le futur il veut ouvrir un magasin de quincaillerie, et avec ses benefices il s'occupe de sa famille et de leur scolarite
Previous Loan DetailsOur client, aged 48, is unmarried and the father of four children who range in age from 6 to 18. Having already benefited from several HOPE loans, he is now on his third loan cycle. His sales have increased from 80,000 to 120,000 francs per day. He has saved a considerable amount of money and has… More from Noel Nestor'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.)
0View loans »
Success!! The loan was 100% repaid