V. retails beverages (Primus, Fanta), vegetable oil and Omo soap. She also is a tailor. She works from her home and sometimes in the street, in the evening during rush hour.
She was granted a $50 loan from Hekima to start up the activity she has been running for four years. This new loan will enable her to resupply her merchandise (3 cases of Primus, 2 cases of Fanta, 1 container of oil, 50 kilos of Omo, etc.). Additionally she wishes to expand her business, see her children complete their education, and buy a plot of land for her family.
As a customer V. thanks Hekima for its actions dedicated to empoverished people who have no access to basic banking services. The Utulivu group is made up of 24 members. It should be noted that two members were absent at the business group’s picture-taking session: they are U. Tumsifu et K. O. Kavira.
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