She started her own business right after getting married. Three years ago she learned that the micro-finance institution Hekima was providing micro-loans. This is how she obtained her first loan of 50 USD, which allowed her to strengthen her business. With the profits from her activity she is able to put some money into saving, to feed her children, and to provide for their education.
She has just obtained her eleventh loan. During that time period, her business has grown positively. This is why she has decided to request a new loan cycle. This new loan will be used to buy five bags of embers and four bunches of bananas.
She would also like to see her children grow comfortably. She thanks Hekima for its actions in favor of the empowerment of poor women excluded from the traditional banking system.
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