Update on Durel PersylThis borrower is 30 years old, single and has no children. He became involved in the business of electronic games in 2006, opening a game room. Now he has bought several televisions and a generator, in case there is ever a power outage, to expand his business.
His loans have made a great impact on his social life; his income has risen, and he has a loyal customer base. His life has completely changed.
He has been able to save money without difficulty and live normally. As a young man, he is working hard to achieve his goals of building a house on the family parcel, to get married in the near future, and to find a location to open another game room.
Client age de 30 ans, celibataire sans enfant, il se lance dans la prestation des services des jeux électroniques en 2006 en ouvrant une salle de jeu et maintenant il a achète plusieurs téléviseurs et un groupe électrogène en cas de coupure d'électricité pour elargir son activité.
Ses prêts ont apportes un grand impact dans sa vie sociale, ses recettes ont accrus, il a une forte clientèle et sa vie a complétement changée.
Il arrive a épargner sans difficulté et vit normalement et en tant que jeune il est entrain de se battre pour atteindre ses objectifs , construire une maison dans la parcelle familiale et se marier dans peu de temps et aussi chercher un autre endroit pour ouvrir une autre salle de jeu
Previous Loan DetailsDurel is a 30 year old single man who, despite having not graduated from elementary school, began working in the electronic gaming business in 2006 by opening a game salon/room. Since the opening of his business five years ago, it has continued to grow, and he now owns six color televisions for his… More from Durel Persyl'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
- 6 months (Additional Information)
- Repayment Schedule
- Jan 26, 2012
- Feb 3, 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.