J. M., 38-years-old, is a married mother of eleven. She is an entrepreneur and the president of Safina microloan group. Her husband is a scrap metal dealer. She has a small business of selling traditional Musururu juice. She started it two years ago with the capital she received from her husband. Later, in 2008, she received a loan from the microfinance institution Hekima. She set up her products at home. This new loan will be used to purchase three bags of sorgohos, a plant. Moreover, she aspires to buy a plot of land and to use it to build.
J. M. thanks Hekima for taking actions to help the poor people who cannot access to the traditional banking system. The majority of Safinia group’s members are women.
M. J. est entrepreneur, présidente du groupe Safina, âgée de 38 ans, mariee, mère de 11 enfants. Son mari est ferrailleur. Elle fait le petit commerce de vente de jus traditionnel Musururu. Elle commença son business avec son fonds propre reçu de son mari. Il ya 2 ans, qu’elle est en activité. Plus tard, elle bénéficia de crédit de l’IMF Hekima en 2008. Elle installe ses produits son domicile. Ce nouveau crédit doit lui servir de s’approvisionner avec 3 sacs de sorghos. En plus, elle ambitionne acheter une parcelle et y construire. La cliente M. J. remercie Hekima pour ses actions en faveur de pauvres exclus de banque classique. Il sied de signaler que le groupe safina est majoritairement fiminins.
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.