She sells “pagnes” [colorful African fabric] at the Nyabushongo market. She started her business with a loan from Hekima, when her peers told her about the activities of this MFI [microfinance institution] in Goma.
The profits from her business are used for savings, food and school fees for her children. However, she has received her fifth loan and during that time her business has developed positively. Thanks to the Hekima loans, she has made new large investments for her family (chairs, radio etc.). This new loan will allow her to get 9 standard lengths of “pagnes” and other various items.
Additionally, she would like to see her children grow comfortably and increase her activity. The customer thanks Hekima and its partners for their actions to support the self-sufficiency of poor low-income women.
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