Update on IsidoreThis client is 35 years old, married, and the father of two children aged six and thirteen. Due to a lack of resources following his father’s death, he went through a difficult childhood. He learned shoe-making from his uncle; this activity has been his livelihood since 2002.
With his first loan, he purchased shoe buckles, leather and fake leather, raffia and a sewing machine. His business has evolved considerably and his productivity has been increased by over 25 pairs of shoes every week. His sales have also substantially increased and he saved a lot throughout the entire loan cycle.
When this second loan is granted, he will procure new first-necessity shoe-making supplies to create various models appropriate to the current season and fashion.
Noted for his thorough work and his creations, he is becoming famous and wants to open a workshop and a store in which to display his sandals.
Client de 35 ans, marie et père de deux enfants dont l'age varie entre 6 et 13 ans, ayant une enfance difficile par manque de moyen lors du décès de son père , il apprend la cordonnerie et en 2002, il fait de ce métier apprit par le biais de son oncle son gagne pain.
Il avait acheté des boucles des sandales du cuir, du simili , du raphia et une machine a coudre.
Son activité a grandement évolué et sa productivité a haussé de plus de 25 paires de chaussures par semaine, ses ventes également ont connu une nette amélioration et il a beaucoup épargné durant tout le cycle.
A l'octroi de ce deuxièmement prêt, il va une fois de plus se réapprovisionner en matières de premières nécessité pour fabriquer des sandales de differents modèles et a la mode selon la saison .
Qualifié pour son travail bien fait, ses créations ,il est entrain de devenir célèbre et veut ouvrir un atelier et un magasin d'exposition de sandales.
Previous Loan DetailsThis client is 35, married and the father of two children of 6 and 13. He stopped his schooling in middle school when he lost his father at that young age. His uncle apprenticed him to a shoemaker. In 2002, with the sum of 45,000 francs, he opened his own shoe-making workshop where he makes m... More from Isidore's previous 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.
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
- 6 months (Additional Information)
- Repayment Schedule
- Jan 18, 2012
- Feb 14, 2012
- 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.