She sells local juice commonly known as "Madrakwa". She has been in this line of work for many years. She has completed 11 loan cycles, regularly reinforcing her capital with credit from the IMF Hekima. Her family lives on the earnings generated by her business, especially as the State's civil servants are not paid on a regular basis, and when they are paid, they receive a very small salary which does not enable them to cover the month's expenditures, let alone build savings. This new loan will be used to buy new ingredients (raw materials) used to make Madrakwa juice (5 sacs of corn, 50 kg of millet, 50kg of flour, 50kg of sorghum, firewood, etc.). She also aims to sustain her business and to ensure her children get a proper education.
The customer would like to thank Hekima for its actions in aid of impoverished women excluded from regular bank lending channels.
Note: one of the customers is carrying a baby on her back.
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