She started her business when she got married. Three years ago, she was informed of micro-loans granted by IMF Hekima. She thus benefited from her first $50 loan, which she used to strengthen her business. She allocates profits from her business to savings, food, and to contribute to her children's school fees.
She was just granted her 12th loan; however, in this period, this customer has seen her business prosper. She therefore decided to increase the loan amount for this new cycle. This latest loan will be used to procure 150 kilos of cassava flour. Additionally, she wishes to see her children grow up and to rebuild her house, as she was recently stricken by a fire which consumed her house and all her belongings.
The customer thanks Hekima for it actions fostering self-sufficiency for poor women excluded from traditional banking.
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