Kavira D. is the president of the Nuru group. She is 31 years old, married to a tailor, and has 3 children. All of her children are in school. Immediately after the eruption of the Nyiragongo volcano, which would go on to completely destroy the town of Goma in 2002, she started a business with her own funds making dresses. Later, she received a loan of $50 from the microfinance institution Hekima (one of Kiva's field partners). She has set up her workshop at the central market in Virunga. This new loan should serve to supply her with fabric for women's dresses and fabric to make men's jackets. Furthermore, she aspires to move and install herself near the centre of the town to increase her visibility and make more sales. Kavira D. thanks Hekima for its actions on behalf of the poor who are excluded from mainstream banking. It must be noted that the Nuru group is composed of 15 women.
Kavira D. est présidente du groupe Nuru, âgée de 31 ans, mariée, mère de 3 enfants, son mari est tailleurs. Tous ses enfants étudient. Juste l’après l’éruption du volcan Nyiragongo, qui aurait complètement détruit la ville de Goma en 2002, elle commença son business avec son fond propre par la coupe couture, plus tard, elle bénéficia de crédit de l’IMF Hekima de 50$. Elle installe son atelier au le marché central de Virunga. Ce nouveau crédit doit lui servir d’approvisionner de tissus dames, tissus pour confection veste pour hommes. En plus, elle ambitionne déménager et s’installe vers le centre ville pour plus de visibilité et gagner plus des marchés. La cliente Kavira D. remercie Hekima pour ses actions en faveur de pauvres exclus de banque classique. Il sied de signaler que ce groupe Nuru est composé de 15 femmes.
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.