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Riziki Mupya Group
In this Group: Matabishi, Bagirisha, Andre, Busanga, M'kajeje, Ndabugi, Nzonga, Riziki, M'nyampaka, Marie, Mwasimoke, Matabaro, Rachel, Collette, N'neza, Ruhumbika, Muderwa, Ruvuga, Mukuzo, Adasha, Barhankabaga, Karoro, Florida, Nyange, Kabibi, Butaragaza, Kanane, Rusangiza, Balinene
This client, Ruvuga, is an advisor of the loan collective "Riziki Mupya". She is a young entrepreneur, experienced, energetic, 23 years old, and a mother of four children, who are all students. Her husband is a taxi driver. Ruvuga is a shoe vendor. She sets up her merchandise to sell at a busy spot in her district (along the street). She started her business with family assistance. Later on, she benefited from a loan from the microfinance institution Hekima. She has been in this business for seven years.

This new loan is going to be used to purchase 20 pairs of shoes. Thus, she would like to provide schooling to her children and to expand her business plans. Challenges for developing her business include exchange losses.

In conclusion, she thanks Hekima very much for promoting autonomy among unbanked women entrepreneurs, especially during this critical time of war in the country's east.
View original language description ↓
La cliente Ruvuga est une conseillère du collectif de crédit « Riziki Mupya », jeune entrepreneur expérimentée, dynamique, âgée de 23 ans et mère de 4 enfants qui étudient tous. Son conjoint un chauffeur taximan(motard). La cliente est une vendeuse des souliers. Elle installe ses articles à un point de vente animé de son quartier (au long de la rue). Elle commença ses affaires avec l’assistance de son familier. Plus tard, elle bénéficia le prêt de l’IMF Hekima. Il y a 7 ans qu’elle exerce cette activité. Ce nouveau prêt va lui servir d’acheter 20 paires des souliers. Ainsi, elle souhaite scolariser ses enfants, étendre son projet de commerce et acheter une parcelle. 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.

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.

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About Congo (Dem. Rep.)

  • $119
    Average annual income
  • 28
    View loans »
    Congo (Dem. Rep.) Loans Fundraising
  • $11,030,850
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Riziki Mupya Group's $5,725 loan helped a member to purchase 20 pairs of shoes to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 30, 2013
Listed
Nov 6, 2013
Currency Exchange Loss:
N/A
Ended:
Apr 16, 2014