Prosperite 4 Group
For the past three years Laurent has had a business selling car parts and motor oil. His business strategy is to be attentive to clients and offer them friendly customer service.
Laurent has received six previous loans from HOPE Congo, Kiva's partner, and has a good repayment record. He is now applying for a 2,900,000 XAF loan for his group and plans to use his portion of the loan to buy more motor oil to stock in his store. He hopes to continue to develop his business and open up more car parts stores around Brazzaville in the future.
Laurent dreams of making a large amount of money to save and give to his children when he dies. In Congo, funerals are very expensive and many families go into debt trying to pay for everything. As well as wanting to leave his children a small inheritance, he doesn't want to burden them with funeral expenses.
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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About Congo (Rep.)
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Success!! The loan was 100% repaid