The client Shamamba, co-president of the business group Paradizo, is a regular entrepreneur, about 32 years old, and lives alone without a husband. She is the mother of four children. She sells second-hand clothing. She started her business with funds given to her by her boyfriend. She got involved in the business of selling second-hand clothing through her mother. Later, in 2008, she benefitted from a loan through IMF Hekima in order to build up her capital. She has been through 11 loan cycles with this micro-finance program. She sets her merchandise up at a small market in the quarter known as “TMK.” This new loan will allow her to buy herself a bundle of used clothing. In addition, her goal is to become a wholesaler in used clothing. The client praises the initiative of Hekima to support poor women who are excluded from the banking system.
La cliente Shamamba, présidente adjointe du groupe d’affaire Paradizo, est un entrepreneur routinier, âgée d’environ 32 ans, femme vivant seule sans conjoint, alors, mère de 4 enfants. Elle vend des habits usagers (friperie). Elle commença son business avec son fonds propre reçu par son petit ami. Elle fut initiée par sa mère dans ce business de friperie. Plus tard, elle bénéficia de crédit de base de l’IMF Hekima en 2008 pour renforcer son capital. Elle vient de réaliser 11 cycles dans ce programme de microcrédit. Elle installe ses produits dans un petit marché au quartier dit ‘’TMK’’. Ce nouveau crédit doit lui servir de s’approvisionner avec 1 ballon de friperie. En plus, elle ambitionne devenir commerçante grossiste des friperies. La cliente salut l’initiative de Hekima qui soutient les pauvres femmes non bancables.
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.