January 14th – Brazzaville, Republic of Congo
We leave Rwanda bright and early for a flight to Brazzaville. Brazzaville is the capital city of the Republic of Congo and home of HOPE Congo, one of our microfinance institutions. While our Rwanda program is a “savings-led” program where we provide operational support and training resources for savings groups, HOPE Congo is a “credit-led” program where we make small loans to local entrepreneurs. The loans start as low as $80. The group lending model is quite similar to the group savings model described in Rwanda. The groups tend to be about 15-20 people, and there is a strong sense of solidarity that develops within the group. Also, as in the savings groups, we deliver a Christian message and/or biblically based business training. Continue Reading…