H. Furaha sells charcoal in a depot where wholesalers display their goods. She started her business with her own funds, $300 supplied by her husband. She has been running her business since 2000.
Later she benefited from a $50 credit loan from the Hekima MFI. This new loan will serve to resupply her merchandise (57 bags of charcoal). Moreover her ambition is to expand her business and see her children complete their education.
As a customer H. Furaha thanks Hekima for its actions dedicated to impoverished people who are excluded from normal banking services. The Malaika group is made up of 13 members, comfortably dressed in their unit’s uniform.
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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