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Umoja Virunga Group
In this Group: Riziki, Chibalonza, Chiza, Nabintu, Kavira, Bahati, Kavira, Sifa, Nzigire, Monike, Riziki, Riziki, Olive, Kangonwa, Bashwenda, Masika, Mpala, Maneno, Mapendo, Bora, Sikujuwa, Kawaya, Safi, Felicien, Riziki, Nzigire
Chiza, leader of the business group « Umoja Virunga », is an 50 year old entrepreneur, a married womand, and the mother of six children currently attending school and others who have their own homes. She sells used clothing, and her husband is a structural engineer. She has been selling her clothing at the central market in Virunga for the past 17 years. She began this business with funds received from her husband. She is asking for a loan in order to stock up with two bags of used clothing. She hopes to continue taking care of the nutrition and schooling fees for her chidren. Chiza would like to tahnk Hekima for supporting poor women currently excluded from the classic banking system.
View original language description ↓
La cliente Chiza, leader du groupe d’affaire « Umoja Virunga », est entrepreneur, âgée de 50 ans, mariée, mère de 6 enfants qui étudient tous et d’autres ont leurs propres foyers. Elle est vendeuse de friperie. Son mari est un ingénieur constructeur. Elle installe ses marchandises au marché central Virunga. Il y a 17 ans révolus qu’elle exerce ces activités. Elle commença son business avec ses fonds propres reçus de son mari. Ce nouveau crédit doit lui servir de s’approvisionner avec 2 ballons de friperies. En plus, elle ambitionne scolariser ses enfants et le nourrir. La cliente remercie Hekima pour ses actions en faveur de pauvres femmes exclues de banque classique

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.)

  • $119
    Average annual income
  • 3
    View loans »
    Congo (Dem. Rep.) Loans Fundraising
  • $10,517,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Umoja Virunga Group's $5,650 loan helped a member purchase two bags of used clothing.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 27, 2012
Listed
Jan 10, 2013
Currency Exchange Loss:
N/A
Ended:
May 17, 2013