Kavuo, the client who represents the business group called «Gloria», is an entrepreneur aged 33, married and the mother of seven children. Her husband is an ambulant seller of various items (peddler) in the town of Goma. She sells manioc flour in the little neighborhood market of Majengo. She has been in this business for five full years, and she has just completed 12 loans with Hekima.
This new loan will serve to buy six sacks of manioc flour. Moreover, Kavuo wishes to put her children in school and buy a plot of land and build a house on it. This cllient thanks Hekima for its endeavors in favor of poor women who are excluded from the conventional banks. Please note that the business group «Gloria» is made up of 26 clients. Of course, two of them were not visible in the group photo. This photo was taken inside a Catholic chapel.
La cliente Kavuo, représentante du groupe d’affaire « Gloria », est entrepreneur, âgée de 33 ans, mariée, mère de 7 enfants. Son mari est un vendeur ambulant des divers (colporteur) dans la ville de Goma. Elle est vendeuse de farine de manioc au petit marché sectoriel de Majengo. Il ya 5 ans révolus qu’elle exerce cette activité. Cependant, elle vient de réaliser 12 cycles avec le crédit de Hekima. Ce nouveau crédit doit lui servir de s’approvisionner avec 6 sacs de farine de manioc. En plus, elle ambitionne scolariser ses enfants, acheter une parcelle et y construire une maison. La cliente remercie Hekima pour ses actions en faveur de pauvres femmes exclues de banque classique. Il sied de signaler que le groupe d’affaire « Gloria» est composé de 26 clientes. Certes, 2 figures furent invisibles sur la photo du groupe. Cette photo fut prise à l’intérieur de la chapelle catholique.
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.