The borrower, Vumilia, is the representative of the Mufariji group. She is a courageous entrepreneur and the mother of ten children who all go to school. Her husband is a master mason-builder.
Vumilia sells raw tobacco to Rwandese manufacturers. She conducts cross-border transactions between the Democratic Republic of Congo and Rwanda. She started in this business using her own fund, received from her husband. This new loan will help her to buy ten 500-kilo piles of tobacco.
Vumilia has to pay too many border taxes. For this reason, she thanks Hekima for the support it provides, through micro-credit, to small entrepreneurs excluded from the traditional banking system.
La cliente Vumilia, conseillère du groupe Mufariji, entrepreneur courageuse et mère de 10 enfants, qui vont tous à l’école. Son conjoint est un maître mâcon constructeur. La cliente est vendeuse de Tabac brut, qu’elle revend aux industriels rwandais. Elle réalise des transactions frontalières (la république démocratique du Congo et le Rwanda). Elle commença cette affaire avec son fonds propre reçu de son mari. Ce nouveau prêt va lui servir d’acheter 10 tas de tabac de 500 kg. La cliente supporte trop de taxes frontalières. Ainsi, elle remercie Hekima pour son accompagnement en micro crédit aux petits entrepreneurs non bancables.
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.