Musavuli is the leader of the Tupendane business group. At age 47, she is an experienced entrepreneur, and the married mother of six children who all go to school. Her spouse is a metallurgical technician (adjustor).
Musavuli sells palm oil from her home. She started this business about nine years ago with funds given to her by her husband. This new loan will allow her to buy two drums of palm oil.
She would like to expand her activity, and she wants to ensure that her children are fed and educated.
Musavuli is very thankful for Hekima’s support of small entrepreneurs through microfinancing.
La cliente Musavuli est leader du groupe d’affaire « Tupendane», entrepreneur expérimentée, âgée de 47 ans, mariée et mère de 6 enfants qui étudient tous. Son conjoint est un technicien en métallurgie (Ajusteur). La cliente est vendeuse d’huile de palme. Elle installe ses produits à son domicile. Elle commença ses affaires avec son fonds propre reçu de son mari, Il y a environ 9 ans. Ce nouveau prêt va lui servir d’acheter 2 fûts d’huile de palme. Ainsi, elle souhaite accroitre son entreprise, scolariser et nourrir ses enfants. Au finish, 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.