This client, Vumilia, is a merchant and the president, as well as a member, of the business collective “Afya”. An entrepreneur, she is 56 years old, married, and the mother of nine children, all students. This client is a vendor of charcoal and palm oil. She displays her merchandise at a market in town. She has been in this business for fifteen years. She started her business with funds from her friend. Her husband is a pastor in a local church.
This new loan is going to be used to purchase 3 sacks of charcoal and 70 liters of palm oil. Thus, she would like to increase her capital and provide schooling, clothing, and food for her children.
In conclusion, she thanks Hekima very much for supporting autonomy among unbanked women entrepreneurs, especially during this critical period post-conflict in the country’s east.
La cliente Vumilia est une commerçante, présidente et membre d’un collectif d’affaires «Afya», entrepreneur, âgée de 56 ans, mariée et mère de 9 enfants qui tous, étudient. La cliente est une vendeuse de braises et huile de palme. Elle étale sa marchandise dans un marché de la ville. Elle commença ses business avec de fonds reçu de son ami. Son conjoint est un pasteur dans une église locale. Il y a 15 ans qu’elle exerce cette activité. Ce nouveau prêt va la servir d’acheter 3 sacs de braises et 70 litres d’huile de palme. Ainsi, elle souhaite accroitre son capital, scolariser, vêtir, et nourrir ses enfants. Au finish, elle remercie fortement Hekima pour l’autonomisation des femmes entrepreneurs non bancables, surtout; pendant ce moment critique post conflits dans la région 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.