Eliza K. is an entrepreneur. She is a member of the Bora business group, aged 55 years, widowed, and the mother of four children, three of whom are students. The fourth is not able to study due to lack of money. Eliza K. sells pagnes (lengths of colored cloth used for clothing) for women. She sets up at the central market in Virunga. She was able to start her business with money received from her oldest daughter. She has been in business for ten years. This new loan will allow her to stock up on new merchandise (four bundles of pagnes). In addition, she aspires to grow her business and spend the rest of her life in peace according to the will of God. Eliza K. thanks Hekima for their work dedicated to poor women who are excluded from the traditional banking system. The Bora group is made up of 29 members.
Eliza K. est entrepreneur, membre du groupe d’affaire bora, âgée de 55 ans, veuve, mère de 4 enfants parmi les quels 3 étudient et l’autre n’étudie pas faute de moyens. Eliza K. est vendeuse des habits pagnes pour dames. Elle s’installe au marché central de Virunga. Elle démarra son activité avec un fonds propre reçu de sa fille ainée. Il ya 10 ans qu’elle est en activité. Ce nouveau crédit doit lui servir de s’approvisionner avec des nouvelles marchandises (4 doubles des pagnes). En plus, elle ambitionne agrandir son entreprise, passer le reste de sa V. en paix selon L. volonté de Dieu. L. cliente Eliza K. remercie Hekima pour ses actions dédiées aux pauvres femmes exclues de banque classique. Le groupe bora est constitué de 29 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.