Charlotte sells shoes. Her husband is currently without steady employment. Charlotte started her activity in the 2000s using money given by her husband as a starting capital. She was introduced to this business by her peers. The profits earned are used to feed her family and pay for the children’s tuition, and to bolster her savings.
Charlotte has completed 11 loan cycles, a period during which her business suffered repercussions from the war. Thanks to the financial assistance obtained through Hekima, she has been able to afford a plot of land.
She will use this new loan to buy 30 pairs of shoes. She would like to see her children grow up and to expand her business.
Charlotte thanks Hekima for helping low-income women to become self-sufficient.
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