Zamuda M. is an entrepreneur and president of the « Upendo Kahembe » business group. She is a 53-year-old widow and mother of seven, three of whom are still in school and four of whom run their own households. Her husband passed away a long time ago. Zamuda M. sells clothing (womens’ boubous and childrens’ clothing). She sells her products in a store, from her home and sometimes to customers who are government employees, particularly officials from public corporations. She has just celebrated her four-year anniversary of being in operation, supported by a loan from the MFI Hekima. This new loan will help her increase her inventory with new merchandise from Tanzania (50 boubous, 50 childrens’ outfits, 30 mens’ boubous, jeans, including Loïs brand jeans, and the remaining funds will help her cover customs charges, etc.). She also hopes to expand her business, to be able to afford to build a house and to buy a jeep for greater mobility. Zamuda M. would like to thank Hekima for its work on behalf of widows living in poverty without access to conventional banks. It’s worth mentioning that the “Upendo Kahembe” group is majority female.
Zamuda M. est entrepreneur, présidente du groupe d’affaire « Upendo Kahembe », âgée de 53 ans, veuve, mère de 7 enfants dont 3 fréquentent l’école et 4 ont leur propres foyers. Son mari fut décédé il y a longtemps. La cliente Zamuda M. est vendeuse des habits (boubous femmes et habits de juniors). Elle expose ses produits dans un magasin, à son domicile et parfois auprès des preneurs fonctionnaire souvent agents des entreprises publiques. Elle vient de réaliser 4 ans opérationnels en bénéficiant de crédit de l’IMF Hekima. Ce nouveau crédit doit lui servir de s’approvisionner avec des nouvelles marchandises au niveau de Tanzanie (50 boubous, 50 complets juniors, 30 boubous hommes, pantalons jeans, Loïs, et l'autre somme d’argent servira pour le frais douanier, etc.). En plus, elle ambitionne agrandir son entreprise, construire confortablement une maison, acheter une voiture jeep pour son déplacement. La cliente Zamuda M. remercie Hekima pour ses actions en faveur de pauvres veuves exclus de banque classique. Il sied de signaler que le groupe d’affaire « Upendo kahembe » est majoritairement féminins.
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.
A portion of Upendo Kahembe Group's $5,000 loan helped a member 50 boubous, 50 childrens' outfits, 30 mens' boubous, jeans, and Loïs brand jeans, with the remaining funds going to cover customs charges, etc.