Rapha (2) Group
He has had his business for around eleven years. His business is a small convenience store, selling many different items including cooking oil, sugar, peanuts, etc. With this next loan, he will be able to buy more of each of these items to further grow his inventory. By buying in bulk, he will be able to offer his products at a cheaper price than his competitors, increasing his sales.
Simon hopes to continue to grow and diversify his store in the future. With future profits, he dreams of one day opening up a small boutique shop and maybe even a restaurant. He thanks you all for your support!!!
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
About Congo (Rep.)
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Success!! The loan was 100% repaid