The borrower, Mushonga, is the representative of the Tuungane business group. She is 51 years old and an experienced entrepreneur. She is also a widow and the mother of seven children, two of whom are not in school, because of the many household expenses.
Mushonga sells coffee and curdled milk. Additionally, she sells plastic items. She displays her goods, usually in her shop, but sometimes also at the market or at home. As she was an orphan, she started in this business at a very young age, using her own funds, built up from the income she received from small jobs.
This new loan will be used to buy 70 kg. of coffee, 8 cans of curdled milk etc. Extremely high taxes are a major challenge for her commercial activity.
Mushonga would like to increase her capital and educate her children. In the end, she thanks Hekima very much for providing support to small entrepreneurs through Microcredit.
La cliente Mushonga est conseillère du groupement d’affaire Tuungane, entrepreneur expérimentée, âgée de 51 ans, veuve et mère de 7 enfants dont 2 n’étudient pas suite aux charges familiales multiples. La cliente est vendeuse de café et lait calleux. Elle est aussi vendeuse des plastics. Elle étale ses marchandises généralement dans son magasin, parfois, elle les expose au marché et à son domicile. Elle commença cette affaire à son bas âge, (elle était orpheline), avec son fonds propre qu’elle s’était constitué à travers les petits revenus qu’elle gagnait, aussitôt, elle exécute de petits travaux. Ce nouveau prêt va lui servir d’acheter 70kg de café et 8 bidons de lait calleux,etc. Les taxes exorbitantes sont de défis majeurs pour son activité. Elle souhaite accroitre son capital, scolariser ses enfants. In fine, elle remercie fortement Hekima pour son soutien en microcrédit aux petits entrepreneurs.
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.