An update on the microfinance work in Kisangani, DRC:
The second half of 2007 has opened an exciting time of growth at HOPE Congo. We’ve been operational now for over two years and our team is showing the fruits of the experience they’ve gained. We now have almost 3000 loan clients and a total loan portfolio now spilling over $200,000. Country-wide we are planning to have over 10,000 clients and almost a million USD in loans by the end of the year. In the world of high finance, that might be pocket change. But in the life of this country where war, oppression and suffering have been the norm for too long - it’s a serious change. Our clients also have deposited tens of thousands of dollars in their savings accounts. It’s not a quick fix-all for severe endemic poverty (if you’ve got that, let me know!), but this is part of the solution to a complex puzzle.
Almost every week we face some kind of new significant challenge to our work. Still, our staff is very committed to keeping promises to clients. When we say we’ll disburse a new group loan to a community banking group, we push through all obstacles to make sure it happens on time. Every small success builds a trustworthy reputation. Entire marketplaces and neighborhoods are showing a positive change now that HOPE has been here for a couple of years.
Without ever advertising our services, we are seeing a tremendous demand and it’s helping to fuel our rapid growth. If you are interested in learning more about the work we are doing, please contact me. If you would like to help us serve more people, consider making a donation to HOPE International (who uses 100% of your donation for field programs and not administrative expenses), please either contact me or see the link to HOPE on this page.