Bagaza sells various products from a stall at her home, on a busy avenue. She began her business with funds received from her husband.
She has requested a loan from the field partner, Hekima, in order to improve her business. She will buy twenty litres of oil, one sack of wheat flour, matches, one box of soaps, a sack of sugar, sweets, biscuits and iodized salt.
In the future, Bagaza would like to buy a plot of land and build a house. She would also like to feed and educate her children.
Bagaza thanks Hekima for supporting women entrepreneurs who are excluded from the traditional banking system.
In the photo, one of the clients is holding her child.
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