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Iragi Group
In this Group: Munyerenkana, Rugambwa, Kabira, Ntakwinja, Katungu, Tulinabo, Namunganga, Nzitukule, Mulasi, Yalala, Masikilizano, Chiragane, Musumba, Mutesi
Kabira K., the leader of the Iragi group, is 39 years old and married with seven children. Her husband is a driver. Her oldest son is 22 years old and the youngest is only 3; all, except the youngest, are in school. Since about ten years ago, she has been making a traditional local drink called “Mandrakwa” for sale. She started with her own funds. Before launching into this business, she used to sell potatoes, charcoal etc. She sells out of her home. This loan will allow her to increase her working capital and purchase three bags of ingredients (corn, sorghum).

Her big challenge is that her receipts are in local currency, the Congolese Franc. However, this is not a stable currency and the inflation is growing, which results in losses when Congolese Francs are exchanged into hard currency (US dollars). Like all locals, distrusting the Congolese currency, Kabira keeps her savings in US dollars. In addition, the production of “Madrakwa” is very labor-intensive, given that she is still using a very rudimentary technology, and thus she would like to change her type of business in the future. She would like to see her children finish their studies.

Thanks to the loans from Hekima, Kabira K. already has made visible progress: her earnings have allowed her to build a house with two bedrooms and a living room; she rents out the house to increase her income. Kabira Kalondera thanks Hekima for assisting impoverished citizens who do not have access to the traditional banking system. It should also be mentioned that the Iraqi group consists of 14 members.
View original language description ↓
Kabira K. est présidente groupe Iragi, âgée de 39 ans, mariée, mère de 7 enfants, son mari est chauffeur. Son fils ainé a 22 ans et le cadet a 3 ans et tous étudient, sauf le cadet. Il y a 10 ans qu’elle exerce cette petite activité de production de boisson locale Mandrakwa. Elle a commence avec ses fonds propre. Avant d’embrasser cette activité, elle vendait les pommes de terre, la braise, etc. Elle vend ses marchandises à son domicile. Ce crédit va lui permettre d’augmenter son chiffre d’affaire en achetant les 3 sacs des intrants (maïs, sorgho) pour la production Madrakwa. Le grand obstacle est qu’elle vend en monnaie nationale (franc congolais). Cependant cette monnaie congolaise n’est pas stable, elle subit de plus à plus l’inflation, ce qui entraine de perte de change avec la devise (les dollars), comme tous les congolais craignent le franc congolais, pour garder leurs économies en dollars. En outre, ce travail de production boisson madrakwa est trop fatiguant étant donné qu’elle utilise encore la technologie rudimentaire, ainsi donc, elle souhaiterait changer le secteur d’activité dans le futur. Elle souhaite voir ses enfants finir les études. Kabira K. a déjà réalisé plus de gain d’impact visible avec le crédit de Hekima, elle a déjà construit une maison de 2 chambres et salon, qu’elle met à la disposition des locateurs pour accroitre ses revenus. La cliente Kabira K. remercie Hekima pour ses actions en faveur de pauvres citoyens exclus de banque classique. Il sied de signaler que ce groupe Iragi est composé de 14 membres.



Additional Information

More information about this loan


Important Information

HEKIMA is a microfinance institution headquartered in Goma, Democratic Republic of the Congo (DRC), with branch offices in Goma and Bukavu. HEKIMA aims to contribute to the transformation of the economic, social, and spiritual lives of the economically active poor of the DRC. To this end, HEKIMA provides its clients with solidarity group loans to support income-generating activities. Despite ongoing instability and violence in its operating areas, HEKIMA continues to keep its doors open and provide credit and savings services for its over 90% female clientele.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Congo (Dem. Rep.)

  • $119
    Average annual income
  • 18
    View loans »
    Congo (Dem. Rep.) Loans Fundraising
  • $11,012,600
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Iragi Group's $5,000 loan helped a member 3 bags of ingredients (corn, sorghum).
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 20, 2010
Listed
Sep 23, 2010
Currency Exchange Loss:
N/A
Ended:
Feb 15, 2011