Louise, age 54, is a merchant, and a member and the president of Unyenyekevu Group. She's a widow and the mother of seven children. Out of them, four are still studying, whereas the three others are already married.
She's been selling used clothing (secondhand backpacks) for the past four years. She sets up her products in a busy street of the place where she lives.
She's seeking a loan from Kiva's partner, Hekima, in order to expand her business. She started it with funding received from her children.
She will buy 20 used backpacks. In the future, she wishes to bolster her working capital, send her children to school, and provide them with clothes and food.
She thanks Hekima for its support towards female entrepreneur who are excluded from the traditional banking system, especially during this postwar time in the East of the country.
La cliente Louise est une commerçante, présidente et membre d’une association d’affaires « Unyenyekevu», âgée de 54 ans, veuve et mère des 7 enfants qui 4, étudient et 3 autres sont déjà mariés. Elle est vendeuse de friperie(Sacs au dos usagés)depuis 4 ans. Elle installe ses marchandises sur la rue dans une avenue animée de la place. Elle sollicite un crédit auprès de Hekima pour accroitre son entreprise. Elle démarra ses activités par de fonds reçu de ses enfants. Elle va acheter 20 sacs au dos. Dans l’avenir,elle souhaite accroitre son capital, scolariser, vêtir et nourrir ses enfants. Ainsi, elle remercie Hekima pour son soutien aux femmes entrepreneurs exclues du système bancaire classique, surtout; pendant, ce moment critique post conflit dans la region de 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.