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Michael Group
In this Group: Muhindo, Blayo, Solange, Kasongo, Furaha, Muhubiri, Burungu, Baziri, Bwira, Shamavu, Bahati, Florence, Salome, Bishangi, Wakusomba, Kayumbu, Mugera, Kakurusi, Siriyake, Amini, Rwangaza, Muhwabo, Rwesi, Lubuto, Nyanvura
Solange has been a determined retailer for eight years now. She is a member, and president of the business group 'Michael'. Solange is 37 years old, married and mother to eight children, four of whom currently attend school and four of whom are too young for school.

Solange sells fuel at the crossroads of busy avenues in her town. She has requested this loan from the field partner, Hekima, in order to expand her business. Her husband is also a retailer and he provided the initial funds for Solange to start her business. She plans to use her loan to buy 100 litres of petrol and 100 litres of diesel.

In the future, Solange would like to expand her business, build a house and feed and educate her children. She is grateful to Hekima for the support that they offer to non-bankable, women entrepreneurs, through their unsecured loan system.
View original language description ↓
La Cliente Solange est une vaillante commerçante depuis 8 ans, présidente et membre d’un groupe d’Affaires «Michael» âgée de 37 ans, mariée et mère de 8 enfants dont 4 etudient et 4 autres sont encore gosses. Elle est vendeuse du carburant. Elle installe sa marchandise aux croisées des avenues animées de la ville. Elle sollicite un prêt auprès de Hekima pour accroitre son entreprise. Son conjoint, lui aussi est commerçant. Ce nouveau prêt va la servir pour acheter 100 litres d'essence et 100 litres de gasoil. Elle avait reçu son premier fonds reçu de son mari. Dans l’avenir, elle souhaite accroitre son activité, construire une maison, scolariser et nourrir ses enfants. Elle remercie Hekima pour son soutien aux femmes entrepreneurs non bancables, en leur accordant de crédit sans garantie matérielle.

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.

About Congo (Dem. Rep.)

  • $119
    Average annual income
  • 0
    View loans »
    Congo (Dem. Rep.) Loans Fundraising
  • $10,908,925
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Michael Group's $3,225 loan helped a member to buy 100 litres of petrol and 100 litres of diesel for resale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 7, 2014
Listed
May 18, 2014
Currency Exchange Loss:
N/A
Ended:
Sep 17, 2014