Bafundi sells cassava flour at a market in town. She has requested this loan from the field partner, Hekima, in order to expand her business. She will use her loan to buy two sacks of cassava.
Bafundi's husband is also a retailer, and she started her business with funds provided by him.
In the future, Bafundi would like to expand her business, prepare for the future to ensure a better standard of living, clothe and feed her child.
Bafundi would like to thank Hekima for the support and loans which they provide to non-bankable, women entrepreneurs, during this time of conflict in the east of the country.
It should be noted that one of the entrepreneurs is holding her baby.
More information about this loan
Important InformationHEKIMA 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.
About Congo (Dem. Rep.)
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Success!! The loan was 100% repaid