She sells "mandale", a local beverage. She started her business with her own funds from her husband before they divorced. Then she benefited from an initial loan as additional funding around 2008 from the microfinance institution Hekima. She says that this business has brought up her children, that is, the profits from her business went toward savings, food, and schooling costs.
She makes her sales out of her home. However, she just obtained her 12th loan. This client decided to reduce the loan amount because a financial crisis is looming. This new loan must serve to supply her with the ingredients for making "mandale" drink (2 sacks of corn, sorghum, etc.) In addition, her ambition is to buy more plots of land for her children.
This client thanks Hekima and her partners for their actions helping poor women with low incomes to become autonomous.
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