Uaminifu Renové Group
She started her business with her own funds. She sells various goods. She has a shop/booth in the town of Goma. Before settling in the town of Goma, she lived in the village of Kibirizi, inside the Rutshuru territory. She fled the war and insecurity caused by the Rwandan rebels from the FDLR.
She received a loan of $50 from the microfinance institution Hekima around 2007. This new loan will allow her to stock up on flour, Rina edible oil (a brand of oil), sugar, soap, manufactured goods etc. Kahambu Muhondo thanks Hekima for its actions in favor of the poor who are excluded from mainstream banking. It must be noted that the Uaminifu Renové group is composed of 7 members.
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