Kituri B. is a businesswoman and the president of the group named Tuelewana. She is 40 years old, married, and the mother of 10 children. Her husband is a hotel owner. Kituri B. is a general products merchant (mayonnaise, spaghetti, powdered milk, soaps, etc.). She has her business installed in the front section of her house. She started her business with her own funds that she received from her husband, amounting to $100. She has had her business for 19 years. Her new loan will be used to acquire new products (3 cases of Fanta brand soft drinks, 5 cartons of Rina brand cooking oil, 1 carton of Nido brand powdered milk, 3 cartons of mayonnaise, etc.). In addition, she also plans on expanding her business and to send her kids to school. Kituri B. is thankful to Hekima (Kiva Field Partner) for their actions towards the poor women who are excluded from traditional banks. The Tuelewana group is made up of 15 members.
Kituri B. est entrepreneur, présidente du groupe d’affaire Tuelewana, âgée de 40 ans, mariée, mère de 10 enfants. Son marie est un hôtelier. La cliente Kituri B. est vendeuse des produits manufacturés (mayonnaise, spaghetti, laits Nido, savons, etc.). Elle s’installe a son domicile devant sa parcelle. Elle démarra son activité avec un fonds propre reçu de son mari ayant une valeur de 100$. Il ya 19 ans qu’elle est en activité. Ce nouveau crédit doit lui servir de s’approvisionner avec des nouveaux produits (3 casiers de Fanta, 5 cartons d’huile végétale Rina, 1 carton de laits Nido, 3 cartons de mayonnaises, etc.). En plus, elle ambitionne agrandir son entreprise, scolariser ses enfants. La cliente Kituri B. remercie Hekima pour ses actions dédiées aux pauvres femmes exclues de banque classique. Le groupe Tuelewana est constitué de 15 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.