Mauwa M. 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 $100 that she received from her husband. She sells sugar, Omo soap, rice, etc. She displays her merchandise in the central market of Virunga. This loan will allow her to increase her turnover by purchasing ten bags of rice, five bags of Omo soap, etc. The biggest challenge is that she sells in the national currency (Congolese francs). Because this Congolese currency is not stable, she is subjected to more and more inflation, which leads to a loss in exchange with foreign currency (dollars). She is like many Congolese who fear the Congolese franc and instead keep their savings in dollars. She would like to buy a small plot of land on which to build for her children. As a client, Mauwa M. thanks Hekima for its actions to help the poor citizens who are excluded from traditional banks. One should note that the Zamiri Group has 15 members.
Mauwa M. est présidente groupe Zamiri, âgée de 38 ans, mariée, mère de 8 enfants, son mari est gardien. Son fils ainé a 17 ans et le cadet a 3 ans et tous étudient, sauf le cadet. Il y a 17 ans qu’elle exerce le petit commerce général. Elle a commence avec ses fonds propre reçu de son mari environ 100$. 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 M. 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.
More information about this loan
HEKIMA 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.