She is a seller of foodstuffs (beans, flour). Her husband died unexpectedly following a short illness. She offers her merchandise in the little local market, sometimes along the street leading to the big avenues.
She began her business with her own capital - funds raised from the sale of her equipment (TV, radio, telephone). Later, she benefited from additional funds in the form of a $50 loan from the micro-finance institution (MFI) Hekima. She has been undertaking these sorts of little income-generating activities for three years now. However, she has recently completed three loan cycles, taking advantage of the microcredit program from Hekima.
Insecurity in the interior of the region is a threat to the development of her business. This new loan will be used by her to buy 2 sacks of beans, and the rest of the funds will be put towards the children's education. She wishes to see the children grow up, and to build a decent home.
The borrower thanks Hekima for its focus on poor women, leading to their economic and financial emancipation.
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