Mawazo, the head of the Hodari group, is a dynamic woman who is 45 years of age. She is a widow, and is mother to 11 children. Her husband died following a sudden illness.
Mawazo works selling shoes and women’s clothing, and began her business with her own funds which she received from her deceased husband. She displays her merchandise in a market in the center of town, and mentions that she has insufficient working capital.
Mawazo will use this new loan to buy 20 pairs of shoes. She wants to see her children grow, build a nice house, and expand her business. She also thanks Hekima and its partners for their support of poor women who cannot avail of traditional banking methods.
La cliente Mawazo, doyenne du groupe Hodari, femme dynamique, âgée de 45 ans, veuve et mère de 11 enfants. Son mari fut décédé suite à une maladie subite. La cliente est vendeuses des souliers et d’habit dames. Elle commença ses activités avec son fonds propre reçu par son défunt mari. Elle expose ses marchandises dans un marché au centre ville. La cliente évoque l’insuffisance du capital rotatif. Ce nouveau crédit va lui servir de payer 20 pairs de souliers. Elle souhaite voir ses enfants grandir, construire une belle maison et accroitre son entreprise. Ainsi, elle remercie Hekima et ses partenaires pour soutenir les pauvres femmes non bancables.
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.