Her business strategy is to provide excellent customer service by being friendly and welcoming to the customers. The increasing price of shoes and sandals from her supplier has been difficult. She is thankful to have the loan to be able to have more negotiating power.
Flore has received three loans from Kiva's partner HOPE Congo. She has a very good repayment record. She wants to one day become a shoe and sandal wholesaler herself. Flore hopes to buy land and build a home for her family.
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.
About Congo (Rep.)
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Success!! The loan was 100% repaid