She started this activity using her meager teacher’s salary. She later learned about microfinancing through the Hekima MFI, and obtained a first loan of $50 to strengthen her business. Profits from her activity are added to her savings and used to buy food and to provide for her children’s tuition.
This is her 11th loan cycle. Having witnessed the positive growth of her activity over time, she decided to apply for a larger amount. This new loan will allow her to buy 250 cell phone unit cards (Vodacom, MTN, Air Tel, CCT).
She hopes to see her children grow up, and she would like to purchase some land.
She wishes to thank the Hekima MFI for helping poor women who don’t have access to traditional banks to become self-sufficient. It should be mentioned that some of the borrowers are gently carrying their babies.
More information about this loan
Important InformationHEKIMA 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.)
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Success!! The loan was 100% repaid