For about thirteen years, she has been working in these small-scale revenue-generating businesses. Yet she just completed ten loan cycles with the microfinance institution Hekma. She started with meager capital, from her husband, and then on her own in the end because her husband worked in an international organization.
This new loan must serve to provide her with 5 boxes of essential and generic medicines to sell (paracetamols, quinine, aspirin, anti-inflamatories, anti-malarials, multi-vitamins, anti-biotics. etc.)
In addition, she would like to see her children grow up comfortably and to expand her enterprise. The profits from her enterprise will be used to pay for her children's education, food, and clothing.
This client thanks Hekima for its actions helping poor women excluded from traditional banks to become autonomous.
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