The client Mwavita is an entrepreneur and leader of the business group Sinai. She is around 46 years old and mother of 8 children who are all studying. Her husband is unemployed. The client does business selling various items. She sets up her merchandise at home. Around 1998 she started her business with her own funds received from her husband. Later, around 2006, she benefited from her first loan from IMF Hekima, used to strengthen her capital. She uses the profits from her business to support her family. This new loan will be used for her to stock up on new merchandise, among other items, 1 bag of rice, 1 bag of sugar, 10 pairs of shoes, etc. Her ambition is to grow her business and build a comfortable house. The client thanks IMF Hekima for its actions dedicated to poor women unable to use traditional banks.
La cliente Mwavita est entrepreneur, leader du groupe d’affaire Sinaï, âgée d’environ 46 ans, mariée, mère de 8 enfants qui étudient tous. Son mari est chômeur. La cliente fait le petit commerce des articles divers. Elle installe ses marchandises à son domicile. Vers 1998, elle démarra son activité avec son fonds propre reçu de son mari. Plus tard vers les années 2006, elle bénéficia de premier crédit de l’IMF Hekima pour renforcer son capital. Les bénéfices de ses affaires lui servent de supporter sa famille. Ce nouveau crédit doit lui servir de s’approvisionner avec des nouvelles marchandises entre autres 1 sac de riz, 1 sac de sucres, 10 paires des souliers, etc. En plus, elle ambitionne agrandir son entreprise, construire une maison confortable. La cliente remercie l’IMF Hekima pour ses actions dédiées aux 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.