A loan of $5,000 helped a member a 1100$ plot of land.

La Victoire Group's story

Faida Joséphine is the president of the La Victoire group, is 48 years old and a married mother of eight whose husband is unemployed. Her eldest son is 26 and the youngest is 8 years old; all her children are in education. She began selling Primus beer and Fanta 26 years ago. She began the business with funds that she received from her father, around 50$. She showcases her wares from her home and sometimes on the road. This loan will enable her to boost her revenues by purchasing a 1100$ plot of land through cumulative loans. The main obstacle is that she sells her goods in local currency (Congolese franc). However this currency is not stable and is subject to high inflation and often loses value against the dollar; all Congolese merchants fear the franc and keep their transactions in dollars. She would like to see her children finish school and double her stock of Primus and Fanta from 40 to 70 cases. Faida Joséphine would like to thank Hekima for its actions that help poor citizens who are excluded from the mainstream banking system. The La Victoire group is made up of thirteen members.

In this group: Pendano, Zaina, Faida, Mulasi, Kalonda, Mulonda, Kyakimwa, Taziya, Farijika, Furaha, Baderha, Kanane, Katungu

Translated from French by Kiva volunteer Danielle Treharne

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