Sifa, the leader of the Njiwa business group, is an entrepreneur, aged 34, married and the mother of seven children, all attending school. She sells shoes. Her husband is also a small merchant; he sells various products. Sifa offers her products for sale at the Cadeco municipal market. She has been busy in this small income-generating activity for the past eight years. In the meantime, she was granted nine loan cycles by the microfinance institution Hekima. This new loan will help her to purchase 15 pairs of shoes for resale. In addition, her aim is to provide full schooling to her children and buy a plot of land that she wants to donate to her parents. Sifa thanks Hekima for their efforts in favor of poor women excluded from the classical banking system.
It should be mentioned that Njiwa Group is composed of 16 women. However, two people pictured behind the group do not belong to it; they simply happened to appear in front of the camera.
La cliente Sifa , leader du groupe d’affaire « Njiwa », est entrepreneur, âgée de 34 ans, mariée, mère de 7 enfants qui étudient tous. Elle est vendeuse des souliers. Son mari est aussi petit commerçant de divers. Elle installe ses marchandises au marché communal de CADECO- Ville.Il y a 8 ans révolus qu’elle exerce cette petite activité génératrice de revenus. Cependant, elle vient de réaliser 9 cycles avec le crédit de Hekima. Ce nouveau crédit doit lui servir de s’approvisionner avec 15 pairs de souliers à marchander. En plus, elle ambitionne scolariser ses enfants et acheter une parcelle personnelle qu’elle offrira à ses parents biologiques. 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 « Njiwa » est de 16 femmes.Néanmoins, derrière la photo, on retrouve 2 figures en distance, qui se sont improvises dans le camera.
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.