Arche De Noe Group
Later on, she was informed of micro-loans, which the microfinance institution Hekima grants. She benefited from her first loan for bolstering her business. The profits from her business go toward savings, food, and covering her children's schooling costs. However, she just completed twelve cycles in the Hekima program. Despite the challenges and meager capital, this client is prospering progressively.
So this new loan must serve to supply her with 250 phone minutes cards (Vodacom, MTN, Air tel, CCT). In addition, she wishes to see her children grow up and to buy a plot of land.
This client thanks Hekima for its actions helping poor women excluded from traditional banks to become autonomous. It is appropriate to note that some clients are holding their babies.
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