She has received two previous loans from Kiva's partner, HOPE Congo, and has repaid them on time and in full. Her business strategy is to display a large variety of items on her tables to attract customers. She finds that more customers visit her booth when she offers a large selection of products but in order to do so she must have the capital. She utilizes the loans to buy merchandise for her business. Patricia hopes to continue to expand her business and to one day send her granddaughter to study abroad. She wishes for her family to live in good conditions and feels the loans are empowering her to reach this dream.
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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.
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Success!! The loan was 100% repaid