The customer Faida, who is the representative of the Zawadi business group, is a 38-year old entrepreneur; she is married and mother to seven children who are all studying. Her husband sells goats at the Kahembe market. She has a small trading business selling a variety of products. She has all her goods set up on a stand. She has been carrying out this business since 1992 and hduring this time as had eighteen loans from Hékima. This new loan will be used to buy 25kg of sugar, a carton of Nido milk, a case of Fanta, 25kg of Omo soap powder, ten pairs of "babouches" (oriental slippers), three boxes of beauty lotion, salt, matches, boxes of toilet paper etc..; the rest of the money will be used for small family projects. Furthermore, her ambition is to be able to pay for her children's schooling. The customer is grateful Hékima for its actions in favour of poor women who have no access to classic banks. It should be noted that the Zawadi business group is primarily composed of women who manage their businesses with discipline and rigor.
La cliente Faida,représentante du groupe d’affaire « Zawadi», est entrepreneur, âgée de 38 ans, mariée, mère de 7 enfants qui étudient. Son mari est vendeur de chèvres au marché Kahembe. Elle fait le petit commerce des divers. Elle installe ses marchandises dans une boutique (kiosque). Elle exerce cette activité depuis 1992. Cependant, elle vient de réaliser 18 cycles avec le crédit de Hekima. Ce nouveau crédit doit lui servir de s’approvisionner avec 25 kg de sucre, 1 carton de laits Nido, 1 casier de Fanta, 25 kg de savon Omo, 10 paires de babouches, 3 cartons de lotions de beauté, sel, allumettes, carton de PH, etc., le reste d’argent servira pour la réalisation de microprojets familiaux. En plus, elle ambitionne scolariser ses enfants. 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 « zawadi» est majoritairement féminins qui intègrent la discipline et rigueur dans la gestion de leurs affaires.
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 Zawadi Group's $5,000 loan helped a member to pay for 25kg of sugar, one box of Nido milk, I case of Fanta, 25kg of Omo soap powder, ten pairs of oriental slippers ("babouches"), three boxes of beauty lotion, salt, matches, boxes of toilet paper etc.