Pose sells tomatoes, onions, Rina cooking oil, vegetables, and potatoes. She's been running this business for six years, and benefited from eleven loans from Kiva's partner, Hekima.
Her start-up capital amounted to $5 she received from her younger brother. With it, she started selling grilled corn on the side of the road.
This new loan will enable her to get supplies (five baskets of tomatoes and three sacks of potatoes) and realize other micro projects with her family.
In addition, she wishes to see her children grow up and expand her business. Pose thanks Hekima for its actions in favor of poor women excluded from traditional banks.
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