Update on Nelly EdwigeThe client is 29 years old, married and the mother of one child. She has been selling women's sandals for nearly 12 years and has already benefited from one loan cycle.
She is currently one of the large suppliers of shoes at the market and she sells either wholesale or retail. Her sales have increased markedly and she has been able to save a lot of money and improve the living conditions of her household.
She will use the second loan to restock on sandals for men, women and children. A kind lady, her ambition is to become a wholesaler and, eventually, expand her business activities and open a hair salon.
elle est a l'heure actuelle parmi les grandes fournisseuses de chaussures dans le marche, elle fait la vente en gros et en détail, ses ventes ont entièrement augmentées, elle a épargne énormément et a améliorer les conditions de vie de son foyer.
Pour le second prêt, elle va renforcer la capacité de stock de ses sandales pour hommes, dames et enfants.
Tres gentille, elle a pour ambition d'être grossiste et a la longue ouvrir un salon de coiffure pour l'élargissement de ses activités
Previous Loan DetailsThis client is 29 years old and married with one child. She has been a sandal saleswoman for 12 years at a local market. Her daily sales are considerable; she makes on average 25 000 to 50 000 F CFA per day. Upon assignment of her credit; she will increase her stock by purchasing: ladies,… More from Nelly Edwige'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.