Furaha L. is an entrepreneur, and leader of the business group "La paix Virunga” (Virunga Peace), which is composed mainly of women. She is 40 years old, married, and the mother of seven (7) children. Her husband is an officer of the national Congolese police.
Furaha L. sells maize flour (semolina) at the central market of Virunga. She has been doing this for two years. She started her business with a sum of $50 received from the Hekima MFI.
She will use this new loan to buy five bags of maize flour for resale. She also plans to expand her business, and have her children attend school.
Furaha L. wishes to thank the Hekima MFI for helping the less fortunate who cannot turn to traditional banks.
Furaha L. est entrepreneur, Leader du groupe d’affaire « La paix Virunga », âgée de 40 ans, mariée, mère de 7 enfants. Son mari est un Officier de la police nationale congolaise. La cliente Furaha L. est vendeuse des Farines de maïs (semoules) au marché central de Virunga. Il ya 2 ans qu’elle exerce cette activité. Elle démarra son business avec 50$ reçu de l’IMF Hekima. Ce nouveau crédit doit lui servir de s’approvisionner avec 5 sacs de farines de maïs (semoules) à marchander. En plus, elle ambitionne agrandir son entreprise, scolariser ses enfants. La cliente Furaha L. remercie Hekima pour ses actions en faveur de pauvres exclus de banque classique. Il sied de signaler que le groupe d’affaire « La paix Virunga» est majoritairement féminins.
More information about this loan
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.