5:4a

character: This Greek word refers to a good result of being tested. Here it refers to things like moral strength, the will to do as one promised, or the intention to be kind when one is suffering. Here are other ways to translate this word:

strength of character (New Living Translation (2004))
-or-
proven character (New American Standard Bible)
-or-
our behavior is strong to follow good ways
-or-
standing/living straight
-or-
maturity

5:4b

hope: This word has the same meaning as it does in 5:2c. But the object of the hope here is probably more general than it is there. In some languages what is hoped for must be made explicit. If that is true in your language, refer to God or his promises. For example:

hope ⌊in God⌋
-or-
hope ⌊to receive what God has promised⌋

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