Antoinette K. B. is an entrepreneur and the leader of the "Musingi Bora" group. She is 44 years old, married, and the mother of 11 children. Her husband is a carpenter. Antoinette K. B. is a merchant who sells cassava and bean flour. She displays her products for sale at an agricultural depot and sometimes along a stretch of road, for the general public. She has 7 years in the business. She started her business with her own funds, which she received from her husband. Her capital fund was $50. In early 2010, she accessed her first loan through IMF Hekima (Kiva Field Partner), amounting to $50. Her new loan will be used to purchase new products (8 sacks of cassava flour, and 1 sack of beans for resale etc.). In addition, she endeavors to see her children complete their schooling, to purchase parcel of land, and to have an independent depot for her merchandise. Antoinette K. B. is thankful to Hekima for their support to the poor who are excluded from traditional banks. The Musingi Bora group is made up of 26 members.
Antoinette K. B. est entrepreneur, leader du groupe Musingi Bora, âgée de 44 ans, mariée, mère de 11 enfants. Son conjoint est menuisier. La cliente Antoinette K. B. est vendeuse des farines de manioc et de haricot. Elle expose des produits dans un entrepôt agricole et parfois au long de la route, sur la voie publique.il ya 7 ans qu’elle fait ce business. Elle demarra cette affaire avec son fonds propre reçu de son mari avec un capital de 50$. Plus tard, elle bénéficia le premier crédit de l’IMF Hekima de 50$ au début de 2010. Ce nouveau crédit doit lui servir de s’approvisionner avec des nouveaux produits (8 sacs de farines de manioc, 1 sac de haricots, à revendre, etc.). En plus, elle ambitionne voir ses enfants finir leurs études, acheter une parcelle, avoir un entrepôt autonome pour ses marchandises. La cliente Antoinette K. B. remercie Hekima pour ses actions en faveur de pauvres exclus de banque classique. Le groupe Musingi Bora est constitué de 26 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.