She started her business with capital provided by her husband, which she supplemented with credits obtained from the Hekima MFI. Her profits help to boost her savings, and to pay for food and for her children’s tuition.
Past loans have allowed her to acquire various household items for her family (a table, new chairs, pots, etc.). With her business showing growth throughout the last cycle, she has applied for her 4th loan. She will use this new loan to purchase five baskets of fish and more household items.
She wants to see her children grow up comfortably, and hopes someday to buy a plot of land. She wishes to thank the Hekima MFI and its partners for helping low-income women to become self-sufficient.
It should be noted that some of the group members are carrying their babies in this photo, which was taken inside the offices of the central market of Virunga.
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