Bachinyunjuze S. C., advisor of the Hodari Group, is a 50 year-old entrepreneur. She is married and the mother of 8 children, 4 of whom are in school and 4 who are not, due to a lack of funds. Her husband is unemployed. She sells plastic bowls, cups, plates, dishpans, etc. She began her business with funds received from her husband. She started her business three years ago. Later, in 2006, she received a loan of $50 from the Hekima microfinance institution. She displays her products along the street in front of her friend's shop. This new loan should enable her to stock up with 12 buckets, 65 bowls, 24 cups, 24 plates, etc. In addition, her ambition is to buy a plot of land and educate all her children comfortably. The client, Bachinyunjuze S. C., thanks Hekima for its actions in favor of poor people excluded from traditional banks. The Hodari group consists of 15 members.
Bachinyunjuze S. C. conseillère du groupe Hodari, c est entrepreneur, âgée de 50 ans, mariée, mère de 8 enfants, dont 4 étudient et les 4 autres n’étudient pas faute de moyens financiers. Son mari est chômeur. Elle vend des bassins, gobelet, plat, sceaux, etc. (en plastic). Elle commença son business avec son fonds propre reçu de son mari. Il ya 3 ans qu’elle est en action. Plus tard, elle bénéficia de crédit de l’IMF Hekima de 50$ en 2006. Elle installe ses produits au long de la rue, devant la boutique de son ami. Ce nouveau crédit doit lui servir de s’approvisionner avec les 12 sceaux, 65 bassins, 24 gobelets, 24 plats, etc. En plus, elle ambitionne acheter une parcelle et scolariser confortablement tous ses enfants. La cliente Bachinyunjuze S. C. remercie Hekima pour ses actions en faveur de pauvres exclus de banque classique. Le groupe Hodari est constitué de 15 membres .
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.