Philomène is the leader of the business group Bora. She is a courageous, 30-year-old entrepreneur. She is married and the mother of 6 children who all attend school. Her husband is unemployed. She has been selling milk powder for several years. She walks around town with her products (street trading). She is requesting this loan to stock up with a bag of milk powder. Her aim is to grow her business and to see her children finish school. Also, she thanks Hekima for their actions targeting poor women without access to the banking sector.
Madame Philomène est la présidente de l’association d’affaire Bora, elle est entrepreneur courageuse, âgée de 30 ans. Mariée et mère de 6 enfants qui vont tous à l’école. Son conjoint est un chômeur. La cliente est vendeuse des laits en poudre depuis plusieurs années. Elle circule dans la ville avec ses produits (commerce ambulant). Elle sollicite ce nouveau crédit pour s’approvisionner avec un sac de lait. Elle souhaite accroitre son entreprise et voir ses enfants finir les études. Ainsi, elle remercie Hekima pour ses actions dédiées aux 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.