Le Chandelier 2 Group
Francoise sells used clothing in a local market and has had this business for 18 years. She has gained many loyal customers over the years. She will use the loan to buy a large bale of used clothing. In Congo, suppliers sell used clothing in large bales, which the vendors then separate out to sell. Her business strategy is to give a small gift (i.e., an extra piece of clothing) to returning customers.
Francoise has received one previous loan from HOPE Congo, Kiva's partner. She has a good repayment record. She would like for all of her children to be able to study in France. She has one son now who is studying at a university in France.
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.
This is a Group Loan
About Congo (Rep.)
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Success!! The loan was 100% repaid