Matiko sets up her merchandise at the Virunga central market. In addition, she sells cell phone minutes out of her home. For fifteen years, she has been working at small revenue-generating businesses of these types. However, she got her initial capital from a tontine started by the wives of soldiers in the camp. Later on, she received a small commission from the sale of a plot of land.
This new loan must server to supply her with 4 sacks of potatoes to sell. Her ambition is to educated her children and to build a house for them.
This client thanks Hekima for its actions in favor of poor women who are not eligible for banks.
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