The client, Kakuru, is an entrepreneur, leader of the Mwito business group, 39 years old, married, and a mother of 7. Her husband is unemployed. The client sells peas, beans and other basic foods at the central market of Virunga. She’s been doing this for 10 years. She just fulfilled 5 loans with Hekima. She started her business with $50 from her husband. This new loan will help her stock up with other basic foods (50 kg of peas, 50 kg of beans, etc.) to sell. In addition, she envisions growing her business, sending her kids to school, and building a house. The client thanks Hekima for their actions to help the poor which are excluded from classic banks. It is worth noting that the Mwito business group is mostly female.
La cliente Kakuru est entrepreneur, leader du groupe d’affaire « Mwito », âgée de 39 ans, mariée, mère de 7 enfants. Son mari est un chômeur, sans emploi. La cliente est vendeuse petits poids, haricots et autres denrées alimentaires au marché central de Virunga. Il ya 10 ans qu’elle exerce cette activité. Elle vient de réaliser 5 cycles avec le crédit de Hekima. Elle démarra son business avec 50$ reçu de son mari. Ce nouveau crédit doit lui servir de s’approvisionner avec d’autres denrées alimentaires (50 kg petits poids, 50 kg de haricots, etc.) à marchander. En plus, elle ambitionne agrandir son entreprise, scolariser ses enfants et construire une maison. La cliente remercie Hekima pour ses actions en faveur de pauvres exclus de banque classique. Il sied de signaler que le groupe d’affaire « Mwito» est majoritairement féminins.
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.