Kangesa K. M. is a businesswoman and secretary of the "Tuongozane" business group. She is 44 years old, married, and has 8 children, of whom 6 are in school. Her husband is currently unemployed. Kangesa K. M. sells bananas and displays her goods at the central market in Virunga. She has run this business for 13 years. She began her business with her own funds, issued by selling a small plot of land to her neighbour. This new loan will serve to supply her with 80 bunches of bananas, and the remaining half will be allocated to savings. In addition, her ambition is to enlarge her capital, educate her children, and construct a permanent home. Kangesa K. M. is thankful to Hekima (one of Kiva's field partners) for its actions on behalf of the poor who are excluded from the standard banking system. It is to be noted that the "Tuongozane" business group is composed primarily of women.
Kangesa K. M. est entrepreneur, secrétaire du groupe d’affaire « Tuongozane », âgée de 44 ans, mariée, mère de 8 enfants dont 6 vont à l’école. Son mari est un chômeur, sans emploi. La cliente Kangesa K. M. est vendeuse des bananes. Elle exposeau marche central de Virunga. Il ya 13 ans qu’elle exerce cette activité. Elle démarra son business avec de fonds propre issu d’une petite commission de vente parcelle de son voisin. Ce nouveau crédit doit lui servir de s’approvisionner avec des 80 régimes de bananes et la moitié sera affecté à l’épargne. En plus, elle ambitionne agrandir son capital, scolariser ses enfants et construire une maison en dur. La cliente Kangesa K. M. remercie Hekima pour ses actions en faveur de pauvres exclus de banque classique. Il sied de signaler que le groupe d’affaire « Tuongozane » 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.