She offers her products in small markets, from her home and occasionally also along the streets leading to the main avenues. She began her business with the sale of fish (Mikeke) from Uvira, and she did this with her own capital gathered from her friends. Then, later on she received additional funds in the form of a $50 loan from the Hekima micro-finance institution. She has been undertaking small income-generating activities like these for the last 2 years now. However, she has just fulfilled three successive loans, benefiting from the microcredit program offered by Hekima.
The insecurity in the interior of the region constitutes a threat for the development of her business. This new loan will allow her to purchase 50kg of rice, 50kg of sugar, plus fish, soap, etc. The remainder of the money will be used to fund the children's schooling. Furthermore, she hopes to see the children grow up, and buy a house and a car. The borrower thanks Hekima for their focus on poor women and offering them economic and financial emancipation. It should be noted that some group members are holding their babies.
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