Update on PhilomeneThis client is a 55-year-old single woman and the mother of five children, two of whom are still at school. She began selling clothing and babywear some thirty years ago, when she separated from the father of her children.
In order to cover her needs and to be able to take care of her children, she opened a stall and strengthened her business when she got her first loan from Hope. She grew the business, obtained working capital and her sales automatically increased, because she no longer bought on credit - she was able to purchase stock in the large stores in town.
With this new loan, she will do the same, and will buy everything that newborn babies need - bibs, jumpers, knitted outfits, romper suits, blankets and diapers, etc.
Her goal is to open a large store and to become a wholesaler. She takes good care of her children and is seen as something of a role model among the women in her neighbourhood.
Cliente de 55 ans, celibataire et mère de 5 enfants dont deux sont encore sur le banc de l'école. Elle s'est lancée dans la vente des vêtements et layette il y'a de cela 30 ans, quand elle se sépare avec le père de ses enfants.
Donc pour subvenir a ses besoins et prendre soin de ses enfants, elle ouvre un étalage et renforce son activité lorsqu'elle obtient le premier prêt de Hope, elle renforce son activité et se fait un capital et ses ventes augmentent automatiquement, parce qu'elle ne prenait plus a crédit, elle s'approvisionnait dans les grandes boutiques de la place.
Avec ce nouveau prêt, elle fera autant, et achète tous ce qui est nécessaire pour les nouveaux nés.les bavoirs, les pulls, ensemble de tricot, barboteuses, couvertures, couches...
Elle a pour objectif d'ouvrir une grande boutique et devenir grossiste, elle s'occupe valablement de ses enfants, et elle est prise comme modèle des femmes dans son quartier.
Previous Loan DetailsPhilomene is a well known, 54 year old, mother of 5 children, with the youngest at 15 years old. For 30 years she has sold children's cloths at the market. She maintains a working capital of 10,000 francs. Her shop display of children's articles attracts future mothers and parents. Every day she... More from Philomene's previous 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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
About Congo (Rep.)
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Success!! The loan was 100% repaid
- Repayment Term
- 8 months (Additional Information)
- Repayment Schedule
- Nov 15, 2011
- Dec 1, 2011
- Currency Exchange Loss:
- Jun 15, 2012
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.