Status Update - November 28, 2012
 
Rebel group activity has caused instability and mass migration in the Goma region of the Democratic Republic of Congo. However, Hekima is still operational and administering loans. Kiva will continue to post and support loans in the region through this partner, but repayment may be impacted by the conflict.

Partner Description:

Hekima’s mission is to contribute to the transformation of the economic, social, and spiritual lives of the economically active poor of the Democratic Republic of Congo (DRC) as a sustainable, innovative microfinance institution of the highest quality.

Hekima operates in the Kivu regions of Eastern DRC, an area marked by over a decade of war as well as social, economic and institutional collapse. A complex legal and regulatory environment is further complicated by widespread corruption and a market flooded with poor quality microfinance suppliers.

In this region, Hekima aims to serve the economically active poor with quality services, giving special attention to female entrepreneurs.

Founded in 2003 as a program of World Relief Congo, Hekima was established as an independent institution in July 2007; registered as a second tier microfinance institution. In September 2009, Hekima has 42 full time staff members, with lending staff accounting for 64% of total staff. Hekima has branches in Goma, Bukavu and Kavumu.

Hekima’s products are focused on the group lending methodology, which allows for disbursement of loans to clients lacking conventional collateral. The majority of Hekima clients benefit from the community bank product which allows for small loans over a 16 week term. Successful clients may qualify for graduation into the solidarity group product that provides higher loan amounts and a longer term.

Status Update - September 11, 2011
 
As part of an ongoing effort to fully migrate risk ratings to our new and enhanced risk rating system, Kiva has conducted a re-assessment of the level of risk posed by this institution.
 
During this re-assessment, our analysts were able to gather updated operational and financial information about the institution, as well as speak with key members of the staff. 
 
Kiva's new risk rating system, which now includes half stars, has enabled us to display Hekima's risk rating with a higher level of granularity. As a result, Hekima's risk rating will now be displayed as 2.5 stars instead of 2 stars. 
 
We have prepared a blog post with more information on Kiva's new and enhanced risk rating system, along with a chart showing the relative magnitude of the overall changes for Kiva's portfolio.  To view that, please go here: http://www.kiva.org/updates/kiva/2011/09/07/kiva-risk-ratings-now-with-half-stars.html.
 
Hekima has been informed of the change in the display of their rating on Kiva's website.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Mar 12, 2010 Oct 12, 2005
Total Loans $5,445,250 $573,010,825
Amount of raised Inactive loans $0 $311,275
Number of raised Inactive loans 0 306
Amount of Paying Back Loans $1,558,800 $117,333,875
Number of Paying Back Loans 316 122,956
Amount of Ended Loans $3,886,450 $455,365,675
Number of Ended Loans 881 580,312
Delinquency Rate 0.05% 3.62%
Amount in Arrears $340 $2,773,489
Outstanding Portfolio $662,873 $76,542,883
Number of loanDelinquent 6 11,589
Default Rate 0.00% 1.08%
Amount of Ended Loans Defaulted $0 $4,927,943
Amount of Ended Loans $3,886,450 $455,365,675
Number of Ended Loans Defaulted 0 15,212
Currency Exchange Loss Rate 0.00% 0.07%
Amount of Currency Exchange Loss $0 $406,266
Refund Rate 0.50% 0.78%
Amount of Refunded Loans $27,025 $4,479,350
Number of Refunded Loans 5 5,008

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 92.15% 74.23%
Average Loan Size $195 $418
Average Individual Loan Size $633 $656
Average Group Loan Size $4,748 $1,823
Average number of borrowers per group 24.5 8
Average GDP per capita (PPP) in local country $119 $3,442
Average Loan Size / GDP per capita (PPP) 163.53% 12.16%
Average Time to Fund a Loan 2.61 days 5.5 days
Average Dollars Raised Per Day Per Loan $74.62 $76.14
  Average Loan Term 4.07 months 10.24 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 899 286,081
  Journaling Rate 91.17% 42.44%
  Average Number of Comments Per Journal 0.05 0.08
  Average Number of Recommendations Per Journal 0.04 1.94

Borrowing Cost Comparison (based on 2012 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Portfolio Yield 62.00% 56.00% 33.65%
  Profitability (return on assets) 2.2% 1.1% -1.29%
  Average Loan Size (% of per capita income) 41.90% 15.00% 41.84%

Country Fast Facts

Field Partner Staff

Lievin Bwihangane
Nathalie Iragi
Donatien KARUMBA
Marthe Kavira
Bob Kighoma
Bob Kighoma
Marcellin Matabishi
Esther Mausiwa
Ghislain Ntabala