The client Faida is president of the business collective named "Victory". She is 48 years old and married with eight children. Her husband is unemployed, but he earns small commissions on land sales transactions. Her oldest son is 26 and the youngest is 8; all of them study. Faida has been selling drinks for more than 26 years, beginning with money she received from her father. She has just completed 18 cycles in the Hekima microcredit program. She sells her products from home and sometimes along the roadside. Faida's biggest obstacle is that she sells in the national currency (Congolese franc), which sometimes suffers from exchange losses against the dollar. This new loan will allow her buy 50 cases of Primus and 30 of Fanta, and the rest of the money will be invested. She wants to see her children complete university studies and to enlarge her business. Faida praises the initiative of IMF Hekima for its actions dedicated to increasing the independence of women excluded from the conventional banking system.
La cliente Faida est présidente du collectif d’affaire dénommé « Victoire », âgée de 48 ans, mariée, mère de 8 enfants, son mari est un chômeur mais il réalise des petites commissions sur les transactions de vente de parcelle. Son fils ainé a 26 ans et le cadet a 8 ans et tous étudient. la cliente est vendeuse de boissons. Il y a plus 26 ans, elle exerce ce petit commerce. Elle commença avec ses fonds propre reçu de son père. Elle vient de réaliser 18 cycles dans le programme de microcrédit de Hekima. Elle expose ses marchandises à son domicile et parfois sur le long de la route. Le grand obstacle est qu’elle vend en monnaie nationale (franc congolais), qui connait parfois de perte de change avec la devise (dollars). Ce nouveau crédit lui servira de s’approvisionner avec 50 casiers de Primus et 30 Fanta et le reste d’argent sera affecté dans l’investissement. Elle souhaite voir ses enfants finir les études universitaires et agrandir son activité. La cliente salut courageusement l’initiative de l’IMF Hekima pour ses actions dédiées à l’autonomisation des femmes exclues de système bancaire classique.
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.