Madawa, age 32, is a young and energetic entrepreneur with a good experience. She's a member of La Source Group and the mother of three children, who all go to school. Her husband is a teacher in a private school.
Madawa sells secondhand clothing. She sets up her point of sale in a busy location in her neighborhood, at the corner of an avenue.
She started her business with her husband's assistance. Later on, she obtained a loan from Kiva's partner, the MFI Hekima. She's been running her business for three years.
This new loan will be used to buy one bale of secondhand clothing. Thus, she would like to provide an education for her children, expand her business, and build a nice home. Currency exchange losses are challenges for the development of her business.
In the end, she strongly thanks Hekima for its contribution to make women who are excluded by traditional banks self-supporting, especially during this critical time of war in the East of the country.
La cliente Madawa est une Secrétaire du collectif de crédit « La source », jeune entrepreneur expérimentée, dynamique, âgée de 32 ans et mère de 3 enfants qui étudient tous. Son conjoint un enseignant dans une école d’établissement privé. La cliente est une vendeuse de friperie. Elle installe ses articles à un point de vente animé de son quartier (à l’arrondissement d’une avenue). Elle commença ses affaires avec l’assistance de son conjoint. Plus tard, elle bénéficia le prêt de l’IMF Hekima. Il y a 3 ans qu’elle exerce cette activité. Ce nouveau prêt va lui servir d’acheter 1 ballon de friperie. Ainsi, elle souhaite scolariser ses enfants, étendre son projet de commerce et construire une belle maison. Les pertes de change sont de défis pour le développement de son activité. Au finish, elle remercie fortement Hekima pour l’autonomisation des femmes entrepreneurs non bancables, surtout ; pendant ce moment critique de guerre à l’Est du pays.
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.