The client Masika is a member of the business group Ararati, she is married, 46 years old and mother to 7 children. Her husband is a farmer. The client is a nurse by training and sells medication retail. She is a member of a small pharmaceutical office. She began her business with her own funds, so stemming from her salary. Later, she requested support from the IMF Hekima. This new loan will let her stock up in pharmaceutical products (2 boxes of paracetamol, 2 boxes of chloramphenicol, anti-paludals, anti-diarrheals, anti-inflammatories, and other generic medications). The client is comfortable with her business. The major challenge for her work is mostly taxes and having insufficient products in stock. Thus, she thanks Hekima for its support and empowerment of female entrepreneurs with small businesses.
La cliente Masika est membre du groupement d’affaire Ararati, elle est mariée, âgée de 46 ans et mère de 7 enfants. Son mari est un agriculteur. La cliente est infirmière de formation et vendeuse de médicaments en détails. Elle est sociétaire d’une petite officine pharmaceutique. Elle commença son entreprise avec son fonds propre, alors issu de son salaire. Plus tard, elle sollicita le soutien de l’IMF Hekima. Ce nouveau crédit doit lui servir de s’approvisionner avec des produits pharmaceutiques (2 boites de paracétamols, 2 boites de chloramphénicols, des antis paludéens, des antis diarrhéiques, des antis inflammatoires, et autres médicaments génériques.). La cliente est confortable avec son entreprise. Le défi majeur pour son travail, c’est surtout les taxes et l’insuffisance de produits en stock. Ainsi, elle remercie Hekima pour son appui et autonomisation des petits entrepreneurs femmes.
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.
A portion of Ararati Group's $5,150 loan helped a member to buy pharmaceutical products (2 boxes of paracetamol, 2 boxes of chloramphenicol, anti-paludals, anti-diarrheals, anti-inflammatories, and other generic medications).