Bungilila, one of our clients and leader of the "Tosheka" business group, is a 43-year-old entrepreneur and a married mother of nine young children. Her husband is an evangelist pastor in a Pentecostal church. She sells secondhand clothing in a Katindo communal market. For five years now, she has been working these small, income-generating activities. At the same time, she has just taken out her 12th loan with the MFI Hekima. This new loan should help her to round out her financing (amounts in the bank) to purchase a parcel of land (her family’s project that is currently underway). In addition, she would like to see her children grow up comfortably and also expand her business. This client would like to thank Hekima for its work on behalf of poor women who don’t have access to conventional banks.
La cliente Bungilila, leader du groupe d’affaire «Tosheka », est entrepreneur, âgée de 43 ans, mariée, mère de 9 jeunes enfants. Son mari est un pasteur évangéliste dans une église pentecôtiste. Elle est vendeuse d’habits friperie dans un marché communal de Katindo. Il y a 5 ans révolus qu’elle exerce ces petites activités génératrices de revenus. Cependant, elle vient d’obtenir son 12eme crédit auprès de l’IMF Hekima. Ce nouveau crédit doit lui servir à compléter les fonds (montants en banque) d’achat parcelle (projet encours d’exécution par sa famille). En plus, elle souhaite voir ses enfants grandir confortablement et accroitre son entreprise. La cliente remercie Hekima pour ses actions en faveur de pauvres femmes exclues de banque classique.
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.