She sells various food products from a small food shop in her busy local neighbourhood, and has built up a good customer base over her six years in business. Valérie started her business with money provided by her husband, and has since worked with the field partner, Hekima.
Valérie will use her loan to buy 3 sacks of wheatflour, 1 sack of sugar, 2 cartons of milk, 1 carton of wine, 3 cartons of juice, 2 cartons of fresh water and 40 litres of oil. She hopes this will enable her to increase her working capital, and educate and feed her children.
Finally, Valérie is very grateful to Hekima for encouraging the independence of small entrepreneurs who are excluded from the traditional banking system. This is particularly important in this difficult, post-conflict time in the east of the country.
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