Kaskete is part owner of a booth where she sells various goods. She sets up the booth in a busy area of her neighborhood. She started her business with support from her husband, and later received a loan from the Hekima MFI. She has been conducting this activity for seven years.
Kaskete will use this new loan to buy various merchandise (2 bags of sugar, 1 jug of table oil, some matches, 2 boxes of candy, 2 boxes of cookies, 1 case of Fanta, 1 carton of juice, 1 box of lotion, some soap, 6 pagnes, 10 pairs of shoes and more.).
Her goals are to support her children’s education, expand her business and build a house. The challenges she is facing in developing her activity include selling on credit and exchange losses.
Kaskete wishes to extend her sincere thanks to the Hekima MFI for helping businesswomen excluded from traditional banking to become self-sufficient, especially in these critical times of war in the Eastern region.
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.
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About Congo (Dem. Rep.)
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Success!! The loan was 100% repaid