Kimya Renove Group
She sells fish. She displays her merchandise at the central market of Virunga. She started her business with funds received from her spouse. Later on, she benefited from additional funding in the form of basic credit from IMF Hekima. She has been engaged in these revenue-generating activities for 8 years. She has benefited from 5 loan cycles with the IMF Hekima microfinancing program.
The developing insecurity in the interior of the province and the unstable macro-economic situation due to fluctuating market prices constitute serious threats to the development of her business activities. This new loan will allow her to buy fish (12 packages), and she will invest the rest. The profits from her business allow her to pay her children's educational, clothing and food expenses. She would also like to watch her children grow up and complete their studies, and build a house.
The customer thanks Hekima for its actions in aid of the economic and financial emancipation of women of insufficient means.
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