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Nazareth Group
In this Group: Bahati, Rwambuka, Mubambura, Namogo, Furaha, Kamate, Masinda, Muderwa, Wabiwa, Wilondja, Bunyege, Feza, Mwanvua, Kanyungu, Mahatane, Lukenge, Nzenga, Maele, Magumba, Marsele, Abedi, Musigi, Bulenda, Takibike, Furaha, Kataraka, Sabiti, Mweze
The client Mwanvua is treasurer of the business group "Nazareth." She is an experienced entrepreneur, 46 years old, a widow and mother to 2 children. Her spouse died following an illness. The client bakes, she is a seller of doughnuts. She sets up her products at the little market that formed around the border between Rwanda the Democratic Republic of the Congo. She started her business with a loan from the MFI Hekima. She has been in this business for 3 years. This new loan will be used to buy 2 bags of wheat flour, 4 boxes of yeasts, 10 kg of sugars, 10 liters of oil, etc. Thus, she hopes to grow her capital, buy a plot of land and feed her children. Finally, she hardily thanks Hekima for its microloan support of small entrepreneurs.
View original language description ↓
La cliente Mwanvua est trésorière du groupe d’affaire « Nazareth », entrepreneur expérimentée, âgée de 46 ans, veuve et mère de 2 enfants. Son conjoint fut décédé suite à une maladie. La cliente fait la pâtisserie, elle est vendeuse des beignets. Elle installe ses produits au petit marché qui se crée au tour de la frontalière entre Rwanda et République Démocratique du Congo. Elle commença ses affaires avec le prêt de l’IMF Hekima. Il y a 3 ans, elle fait ce petit commerce. Ce nouveau prêt va lui servir d’acheter 2 sacs de farine froment, 4 boites de levures, 10 kg de sucres, 10 litres d’huile, etc. Ainsi, elle souhaite accroitre son capital, acheter une parcelle et nourrir ses enfants. Au finish, elle remercie fortement Hekima pour son soutien en microcrédit aux petits entrepreneurs.

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.

Tags

About Congo (Dem. Rep.)

  • $119
    Average annual income
  • 8
    View loans »
    Congo (Dem. Rep.) Loans Fundraising
  • $10,200,875
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Nazareth Group's $2,150 loan helped a member to buy 2 bags of wheat flour, 4 boxes of yeasts, 10 kg of sugars, 10 liters of oil, etc.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 19, 2013
Listed
Jul 2, 2013
Currency Exchange Loss:
N/A
Ended:
Dec 17, 2013