10 September 2010

MY LATEST KIVA LOAN Kiva - Zamiri Group from The Democratic Republic of the Congo has a loan fundraising on Kiva 10SEP10

MY latest Kiva loan.....I do not post these here to make myself look good, but in the hope others will be interested and join Kiva...... and prayer of the day from SOJO

We struggle this day to understand how in a world of plenty there are some who have so much why others have so little. Help us, O God, to ensure that everyone in our world has enough. Help us to learn ways to lift others up, to provide dignity and respect to those for whom that is in short supply. Forgive those to whom much has been given, and yet far too little is shared. Help us, O God, to live as you have called us to live. Amen.

Kiva - Zamiri Group from The Democratic Republic of the Congo has a loan fundraising on Kiva

Zamiri Group
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In this Group: Mauwa Mushengezi , Furaha Magene, Mauwa Mushengezi, Lilombe Lindumba, Nzigire Musavuli, Maombi Nzuva, Ebulu Achumire, Kanyere Buuma, Mukendi Kungile, Muhindo Muderwa, Muderwa Mitima, Ngandu Mategane, Ngandu Mategane, Kanyere Bora, Nyiragahinda Biramugwira

Location:	Goma, North Kivu Province, The Democratic Republic of the Congo	Repayment Term:	6 months (more info)
Activity:	Food Production/Sales	Repayment Schedule:	Monthly
Loan Use:	Purchasing foodstuffs	Currency Exchange Loss:	N/A
		Default Protection:	Not Covered

Mauwa Mushengezi is the president of the Zamiri Group. She is 38 years old, has eight children, and her husband is a security guard. Her eldest son is 17 years old, the youngest is three, and all but the youngest are in school. She has been running her business for 17 years. She began with about $100 that she received from her husband. She sells sugar, Omo soap, rice, etc. She displays her merchandise in the central market of Virunga. This loan will allow her to increase her turnover by purchasing ten bags of rice, five bags of Omo soap, etc. The biggest challenge is that she sells in the national currency (Congolese francs). Because this Congolese currency is not stable, she is subjected to more and more inflation, which leads to a loss in exchange with foreign currency (dollars). She is like many Congolese who fear the Congolese franc and instead keep their savings in dollars. She would like to buy a small plot of land on which to build for her children. As a client, Mauwa Mushengezi thanks Hekima for its actions to help the poor citizens who are excluded from traditional banks. One should note that the Zamiri Group has 15 members.

About Group Loans

In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn More

Translated from French by Carolyn McMahon, Kiva Volunteer

Mauwa Mushengezi est présidente groupe Zamiri, âgée de 38 ans, mariée, mère de 8 enfants, son mari est gardien. Son fils ainé a 17 ans et le cadet a 3 ans et tous étudient, sauf le cadet. Il y a 17 ans qu’elle exerce le petit commerce général. Elle a commence avec ses fonds propre reçu de son mari environ 100$. Elle vend de sucre, Omo, riz, etc. Elle expose ses marchandises dans le marché central de Virunga. Ce crédit va lui permettre d’augmenter son chiffre d’affaire en achetant 10 sacs de Riz, 5 sacs d’Omo, etc. Le grand obstacle est qu’elle vend en monnaie nationale (franc congolais). Cependant cette monnaie congolaise n’est pas stable, elle subit de plus à plus l’inflation, ce qui entraine de perte de change avec la devise (les dollars), comme tous les congolais craignent le franc congolais, pour garder leurs économies en dollars. Elle souhaite acheter une parcelle pour ses enfants et y construire. La cliente Mauwa Mushengezi remercie Hekima pour ses actions en faveur de pauvres citoyens exclus de banque classique. Il sied de signaler que ce groupe Zamiri est composé de 15 membres.