She founded her business with a loan thorough Hekima upon hearing about the activities of the MFI in the city of Goma from her neighbours. The profits from her business are used for savings, food, and tuition for her children. However, she just completed her seventh loan cycle. Over the course of this time period, She has seen her business prosper well.
Thanks to loans through Hekima, she has been able to garner household essentials for her family, and so she has decided to take out a larger loan this time. This loan will enable her to buy 2 crates of biscuits, 10 cases of Fanta, 2 cans of Rina oil, etc. for her inventory.
Moreover, she hopes to see her children grow up in comfort. She thanks Hekima and their partners for empowering poor, low-income women.
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