C. has a small business selling miscellaneous footwear and clothing. Having no fixed location to carry on her activities, she goes on the road to sell her goods, and allows her customers to buy on credit.
She received a $50 loan from Hekima after being robbed of her capital in Kampala, Uganda. She managed to achieve profitability and is currently seeking an $800 loan, which she will use in her clothing retail business.
Being unable to rent space to display her merchandise remains a major hurdle. In the future, she wants to buy a second plot of land to build a comfortable home. She also wants her children to receive proper schooling.
As a member of the micro-finance institution, C. wishes to thank Hekima for granting her a loan without any guarantees.
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.
About Congo (Dem. Rep.)
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Success!! The loan was 100% repaid