The client Rumbo is a professional educator and director of Furaha, a primary school which is also a teacher training site. He is an experienced educational administrator. He is married and the father of 13 children, some of whom who study and others already have their own households. His wife sells food products. This loan from Hekima will allow him to pay for the university studies of his children and to use the rest of the funds for house repairs and furniture purchases. The client acknowledges that he is already thinking about retirement as he is presently 65 years old. He thanks Hekima and its partners for supporting educators who are unable to get loans due to lack of collateral.
Le client Rumbo, est un enseignant carriériste, directeur d’une école primaire d’application Furaha, expérimenté dans la gestion des établissements scolaires. Il est marié et père de 13 enfants qui étudient et d’autres ont déjà leurs propres foyers. Son épouse est vendeuse de denrées alimentaires. Ce crédit de Hekima doit lui servir de payer la scolarité de ses enfants universitaires, et le reste d’argent sera affecte dans les travaux de finissage de sa maison en dur et dans l’achat de meubles. Le client reconnaît qu’il prépare déjà sa retraite car, il est actuellement âgé de 65 ans. Ainsi, dit-il, le client remercie Hekima et ses partenaires pour le soutien aux enseignants non bancable faute de garantie de sureté.
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.