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Josephine, age 60, is married with 3 children who are all out of school. She owns and operates a bakery where she makes pastries, cakes, and breads. She has operated this business for 16 years. She will use the loan to buy sugar, flour, yeast, oil and firewood. Through her 16 years of experience she has gained great skill in baking her products. She has acquired many loyal customers who enjoy her baked goods.

Josephine has received 3 previous loans from Kiva's partner, HOPE Congo. She has a very good repayment record with them. As her business continues to grow, she hopes to soon be able to hire employees to enable her to expand the business' capacity. She hopes to use some of the additional profits to buy a piece of land and build a home for her family.

Additional Information

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Important Information

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.

About Congo (Rep.)

  • $2,250
    Average annual income
  • 0
    View loans »
    Congo (Rep.) Loans Fundraising
  • $2,177,650
    Funds lent in using Kiva
  • 500.9
    Communauté Financière Africaine Francs BEAC (XAF) = $1 USD