The profits from Shamy's business go to savings, food, and schooling for her children. She has just obtained her 19th loan. During the time she has been borrowing, Shamy has seen her sales rise and has accomplished other small projects for her family. She has thus decided to increase her loan amount for this latest loan.
This new loan will allow Shamy to purchase two bags of groundnuts. Her main challenges are the depletion of her inventory and price fluctuations. Shamy hopes to see her children grow up and to build a fence in the future. She thanks Hekima for their support of poor women with meager incomes.
It should be noted that certain members of the group are shown 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