La Verite Group
Kavira works selling food items, and began her business using funds received from her husband about five years ago. She then benefitted from her first loan from the Hekima microfinance institution around 2010, which gave her additional funds. She said that this helped her raise her children. The profits generated by her business allow her to save, as well as to school and feed her family.
However, Kavira has now applied for a seventh loan. This new loan will be used to buy supplies of flour, oil, beans, etc., and the rest of the money will be used to buy school items for her children. She also plans to build a home. Kavira thanks Hekima and its partners for the steps they take to help poor women with low income become more autonomous. Please note that one of the clients in the photo is carrying her baby.
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