This client, Kahindo, is an entrepreneur and the treasurer of the group Tosheka. She is 52 years old, a widow, and the mother of nine children. Her husband is deceased following a sudden illness. This client is a retailer of charcoal. Around the year 2000, she started her business using funds from a close friend as a form of assistance.
Later on, she benefited from a loan from the microfinance institution Hekima to bolster her business. She sets up her goods at the market. This new loan must serve her to stock up on 9 sacks of charcoal to increase her inventory. In addition, her ambition is to buy a plot of land and to build a house with ease for her children.
This client thanks Hekima for its actions in favor of poor people excluded from traditional banking.
La cliente Kahindo est entrepreneur,trésorière du groupe Tosheka, âgée de 52 ans, veuve, mère de 9 enfants. Son mari fut décédé suite à une maladie inopinée. La cliente est vendeuse des braises (charbon de bois). Vers les années 2000, elle commença son business avec un fonds reçu de son ami familier sous forme d'une assistance. Plus tard, elle bénéficia de crédit de l’IMF Hekima pour renforcer son business. Elle installe ses produits au marché. Ce nouveau crédit doit lui servir de s’approvisionner avec 9 sacs des braises pour augmenter son stock. En plus, elle ambitionne acheter une parcelle et construire confortablement pour ses enfants. La cliente remercie Hekima pour ses actions en faveur de pauvres exclus de banque classique.
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.