Merveille A Group
Cecile sells drinks. She displays her stock at a warehouse in the commercial sector of the city. She started her business with capital from savings on her income. She later turned to the Hekima MFI for financial assistance. She has been practicing this activity for 4 years.
Cecile will use this new loan to buy 30 cases of Fanta, 50 cases of Primus beer, 10 cases of Miitzig beer, etc. Her goals are to build a house and to look after her children’s needs with respect to food and education.
Cecile wishes to thank the Hekima MFI for helping small entrepreneurs to become self-sufficient who cannot use the traditional banking system, especially in these difficult times following the war in the Eastern region.
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.
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About Congo (Dem. Rep.)
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Success!! The loan was 100% repaid