The leader of the credit association is an ambitious and experienced entrepreneur. She is 37 years old and the mother of 6 young children who all study. Her husband is a civil servant who is employed in the public administration sector.
She sells fish. She displays her merchandise at the central market of Virunga. She started her business with funds received from her spouse. Later on, she benefited from additional funding in the form of basic credit from IMF Hekima. She has been engaged in these revenue-generating activities for 8 years. She has benefited from 5 loan cycles with the IMF Hekima microfinancing program.
The developing insecurity in the interior of the province and the unstable macro-economic situation due to fluctuating market prices constitute serious threats to the development of her business activities. This new loan will allow her to buy fish (12 packages), and she will invest the rest. The profits from her business allow her to pay her children's educational, clothing and food expenses. She would also like to watch her children grow up and complete their studies, and build a house.
The customer thanks Hekima for its actions in aid of the economic and financial emancipation of women of insufficient means.
La cliente, leader de l’association de crédit, est un entrepreneur très ambitieuse, expérimentée, âgée de 37 ans, mère de 6 jeunes enfants qui étudient tous. Son mari est un fonctionnaire dans l’administration publique. La cliente est vendeuse des poissons. Elle installe ses marchandises dans le marché central de Virunga. Elle commença son business avec son fonds propre reçu de son conjoint. Plus tard, elle bénéficia un fond additionnel de crédit de base de l’IMF Hekima. Il y a 8 ans révolus qu’elle exerce ces petites activités génératrices de revenus. Cependant, elle vient de réaliser 5 cycles en profitant du programme de microcrédit de l’IMF Hekima. L’insécurité dans l’intérieur de la province, en cours de route et l’instabilité macro économique suite à la variation de prix sur le marché constituent une menace sérieuse pour le développement de son business. Ce nouveau crédit doit lui servir de s’approvisionner avec les poissons (12 colis) et le reste d’argent sera affecté dans l’investissement. Les bénéfices de son activité lui servent de scolarité, d’habillement, de nourriture, etc. pour ses enfants. En plus, elle souhaite voir ses enfants grandir, finir leurs études et construire une maison. La cliente remercie Hekima pour ses actions dédiées de pauvres femmes pour leur émancipation économique et financière.
More information about this loan
HEKIMA 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.