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Malaika Group
In this Group: Mawazo, Charlotte, Furaha, Mukagerasi, Riziki, Ntiziihobose, Mbambu, Mauwa, Riziki, Ndambugha, Lwasso, Mukeshimana, Mapendo
Furaha is an entrepreneur, and the leader of the Malaika business group. She is forty years old, married, and the mother of six children. She supports them together with her spouse.

Furaha is a charcoal merchant, and she has her own charcoal warehouse. She started her business with the help of funds from her husband. She has now been running her business for over a decade. She just completed her seventeenth loan cycle with IMF Hekima.

Her current loan will serve to supply Furaha with new merchandise (several sacks of charcoal). In addition, Furaha's aim is to expand her business and see her children finish school. She thanks Hekima for their dedication to female entrepreneurship.
View original language description ↓
La cliente Furaha est entrepreneur, leader du groupe d’affaire Malaika, avec quarantaine d’âge, mariée, mère de 6 enfants. Elle s’entraide avec son conjoint. Furaha est vendeuse de braises, elle dispose son propre entrepôt de braises. Elle commença son business avec son fonds propre reçu de son mari. Il y a plus d'une décennie, elle exerce cette activité économique. Elle vient de réaliser 17 cycles de crédit avec l’IMF Hekima. Ce nouveau crédit doit lui servir de s’approvisionner avec des nouvelles marchandises (quelques sacs des braises). En plus, elle ambitionne agrandir son entreprise et voir ses enfants finir leurs études. La cliente remercie Hekima pour ses actions dédiées à l'entreprenariat féminin.

Additional Information

More information about this loan


Important Information

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.

About Congo (Dem. Rep.)

  • $700
    Average annual income
  • 4
    View loans »
    Congo (Dem. Rep.) Loans Fundraising
  • $11,618,125
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Malaika Group's $4,250 loan helped a member to purchase several sacks of chacoal.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 1, 2012
Listed
Nov 19, 2012
Currency Exchange Loss:
N/A
Ended:
Mar 15, 2013