Our client Mpala, the representative of the Hodaridar group is a dynamic 53-year woman, a widow and the mother of six. Her husband died following an illness. Mpala sells palm oil. She had launched her business with her own funds received from her late husband. She displays her wares at the beginning of a big road. She reports not having enough working capital. This new loan will allow her to buy five jugs of palm oil. She would like to see her children grow and also to build a nice house and expand her business. She thanks Hekima and its partners for supporting impoverished women who do not have access to traditional banks.
La cliente Mpala, représentante du groupe d’affaire Hodaridar, femme dynamique, âgée de 53 ans, veuve et mère de 6 enfants. Son mari fut décédé à la suite d’une maladie subite. La cliente est vendeuses d’huile de palme. Elle commença ses activités avec son fonds propre reçu par son défunt mari. Elle expose ses marchandises a l’entrée d’une avenue. La cliente évoque l’insuffisance du capital rotatif. Ce nouveau crédit va lui servir de payer 5 bidons d’huile de palme. 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.