Masika is a member of the business group Ararati. She is married and the mother of seven children. She is about 46 years old. Her husband is a farmer.
Masika is a nurse by training and she sells pharmaceutical products in retail quantities. She co-manages a small pharmacy. She started this business using her own funds, taken from her salary. Later on, she applied for financial support from the microfinance institution Hekima.
This new loan will be used to buy pharmaceutical products: two boxes of acetominophen, two boxes of chloramphenicol (a broad-spectrum antibiotic), antimalarial drugs, antidiarrheal, anti-inflammatories, and other generic medications).
Masika feels good about the way her business is going. Her main challenge, however, are taxes and a low inventory.
She thanks Hekima for its support and for empowering women involved in small business.
La cliente Masika est membre du groupement d’affaire Ararati, elle est mariée, âgée d’environ 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 prêt 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 $5,250 loan helped a member to buy pharmaceutical products: 2 boxes of acetominophen, 2 boxes of chloramphenicol, antimalarial, anti-diarrheal, anti inflammatory medications and other generic drugs).