Update on Clarisse UrsuleThis client is 37 years old, married, and the mother of three children. She has already had several loans that enabled her to be autonomous. She is no longer buying on credit. She has her own capital. She buys her boxes of salted fish from West African wholesalers, and sometimes she makes special orders at Pointe Noire.
Currently, the difficulties she encounters involve the rise in [the price of] products and the rough market competition.
With this new loan, she is going to bolster her stock by adding 10 boxes of cod, 10 boxes of sole, 5 boxes of tuna, and some capitaines (a kind of river fish).
With a fighter’s spirit, she wants to start selling fish wholesale to retailers and wholesale to the pubic. She continues to save money and greatly help her family to thrive.
Cliente âgée de 37 ans, elle est mariée et mère de 3 enfants, elle a deja bénéficié de plusieurs crédits qui lui ont permis d'être autonome , elle ne prend plus a crédit, elle a son propre capital, elle achète ses cartons de poissons sales chez les grossistes Ouest Africains et parfois elle fait ses commandes a Pointe Noire.
A l'heure actuelle, les difficultés qu'elle rencontre c'est la hausse des produits et la concurrence rude sur le marche.
Avec ce nouveau prêt , elle va renforcer son stock en ajoutant de 10 cartons de morues, 10 cartons de soles, 5 cartons de thons et de capitaines.
Tres combattante, elle veut commencer a faire la vente de poissons en gros et demi gros.
Elle continue d'épargner et contribue largement a l'épanouissement de sa famille.
Previous Loan DetailsThis client is 35 years old, married, and the mother of three children, from 2 to 9 years old. She has been a retailer of salted fish at the market for five years. Her daily sales amount to 35,000 to 50,000 francs. Having already had three HOPE loans, she is starting her fourth loan cycle with new… More from Clarisse Ursule'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
- Dec 14, 2011
- Dec 14, 2011
- Currency Exchange Loss:
- Jul 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.