This client, Faida, is the advisor of the business group Esta. She is a talented entrepreneur, 34 years old, divorced, and the mother of five young children. She is a vendor of makeup for women and is an associate of a hair salon. She displays her products in a hair salon. In addition to this business, she makes braids and also styles hair for women. She started this business with a Hekima loan. In that regard, she just completed four cycles in this micro-loan program.
The major challenge of her business is low capital. This new loan must serve to supply her with 20 hair extensions. In the future, she wishes to buy a plot of land and cover her children's school fees. So she thanks Hekima for thinking about small entrepreneur.
La cliente Faida est conseillère du groupe d’affaire Esta, entrepreneur de talent, âgée de 34 ans, divorcée et mère de 5 jeunes enfants. La cliente est vendeuses de produits de maquillage de dames et sociétaire d'un salon de coiffure. Elle expose ses articles dans un salon de coiffure. En plus de cette activité, elle tresse et coiffer également les dames. Elle commença cette activité avec le crédit de Hekima. De ce fait, elle vient de réaliser 4 cycles dans le programme de microcrédit. Le défi majeur de son activité est la petitesse de son capital. Ce nouveau crédit doit lui servir de s’approvisionner 20 pièces de mèches. Dans l’avenir, elle souhaite acheter une parcelle et soutenir la scolarité de ses enfants. Ainsi elle remercie Hekima pour songer aux petits entrepreneurs.
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.