Prosperite 3 Group
For the past twenty years Adrienne has sold clothes in the market. She has gained many valuable customers over the years. Her business strategy is to talk to her customers and offer friendly customer service. She sees people walking by her shop and invites them in to see her clothes for sale.
Adrienne has received six previous loans from HOPE Congo, Kiva's partner. She has a good repayment record. She is now applying for a 2,800,000 XAF loan for her group and will use her portion to buy more clothing to sell.
Adrienne would like to begin selling salted fish in the future. She feels this is a good business and would like to diversify.
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.
This is a Group Loan
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About Congo (Rep.)
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Success!! The loan was 100% repaid