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Musingi Bora Group
In this Group: Ngashani, Cecile, Kanunga, Nzigire, Mutura, Songoro, M'mugorori, Faustin, Nzabanita, Chishugi, Aime, Kabumba, Zaduniya, Longale, Burage, Shemavu, Kalwira, Nabarungu, Kambere, Okamba, Bagabo, Tsongo, Bigembe, Safari, Baganda, Muhimuzi, Munogera, Asifiwe, Riziki, Kavira, Changwe
This client, Aime, is a merchant and the vice-president of the business collective “Musingi Bora”. An entrepreneur and energetic, she is 32 years old and a married mother of six children, of whom three are in school, and three are still little. This client is a vendor of used curtains. She sets ups her merchandise at the town’s busy market. She started her business with initial capital from a lending institution. Her husband is a public servant. Later on, Aime benefited from a loan from the microfinance institution Hekima. She has been in this business for four years.

This new loan is going to be used to purchase a bale of curtains. Thus, she would like to grow her business and provide schooling, clothing, and food for those in her care.

In conclusion, she thanks Hekima very much for supporting autonomy among unbanked women entrepreneurs, especially during this critical moment post-conflict in the country’s east.
View original language description ↓
La cliente Aime est une commerçante, vice présidente et membre du collectif d’affaires «Musingi Bora», entrepreneur, dynamique, âgée de 32 ans, mariée et mère de 6 enfants, dont 3 étudient et 3 sont encore petits. La cliente est vendeuse friperie(Rideaux). Elle installe sa marchandise au marché animé de la ville. Elle commença ses affaires avec le premier capital reçu d’une Institution financière de crédits. Son conjoint est un fonctionnaire de l’Administration publique. Plus tard, elle bénéficia le prêt de l’IMF Hekima. Il y a 4 ans, qu’elle exerce cette activité. Ce nouveau prêt va la servir d’acheter 1 ballon de rideaux. Ainsi, elle souhaite accroitre son activité, scolariser, vêtir, nourrir les personnes à sa charge. En définitif, elle remercie fortement Hekima pour l’autonomisation des femmes entrepreneurs exclues du système bancaire classique, surtout; pendant ce moment difficile post conflits dans la région de l’Est du pays.

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.

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About Congo (Dem. Rep.)

  • $700
    Average annual income
  • 17
    View loans »
    Congo (Dem. Rep.) Loans Fundraising
  • $11,440,375
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Musingi Bora Group's $3,725 loan helped a member to purchase a bale of curtains.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 29, 2014
Listed
Jun 23, 2014
Currency Exchange Loss:
N/A
Ended:
Nov 17, 2014