Update on ThérèseThe client, is 50 years old and the mother of two children, who has run a restaurant in front of her house for 11 years. She is on her fourth loan and has always paid back the previous ones with her savings. Each day, she takes in between 30,000 and 45,000f. The dishes that she offers are sold at affordable prices to allow each of her clients to find satisfaction. With the loan, she is going to reinforce her business by buying: one basket of smoked fish, one tin of salted fish, one bag of rice, a flask of 10 liters of oil, a box of meat, a bag of coal. She is also going to buy a new set of cooking utensils to improve her restaurant. Through her business, this woman contributes to the maintenance of her household and her children are the main beneficiaries.
Cliente âgée de 50ans et mariée et mère de 2 enfants est propriétaire d’un restaurant devant son domicile depuis 11ans.
Elle est à son 4eme prêt et elle rembourse toujours avec épargnes.
Ses recettes par jour sont comprises entre 30.000f et 45.000f, les plats qu’elle propose sont vendus à des prix abordables pour permettre que chacun de ses clients trouvent satisfaction.
Avec l’actuel prêt, elle va renforcée son restaurant en achetant :
1panier de poisson fumé, 1carton de poisson salé, 1sac de riz, 10litres d’huile, 1bidon de 10litres d’huile, 1carton de viande arrière, 1sac de charbon, elle va aussi renouveler la série des ustensiles de cuisine pour l’amélioration de son restaurant
C’est une femme qui par son activité contribue à la bonne marche de son foyer et ses enfants son les premiers bénéficiaires.
Previous Loan DetailsMother Thérèse is a 50 year old married mother of two; her children are between 30 and 35. She started up her restaurant in 2000 with starting capital of 15,000 F. Her restaurant is on the corner of her street, and in the morning is a sort of cafeteria, then after 11:30 becomes a restaurant with ... More from Thérèse'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
- 14 months (Additional Information)
- Repayment Schedule
- Dec 1, 2011
- Dec 12, 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.