Faida is the president of the Ukumbusho credit group. She is 49 years old and is the mother of seven children - all in school. The loan will be used to purchase eight bags of charcoal which she will resell. Her hope is that her business will grow to ensure her family's survival.
Thus she is grateful to Hekima for assisting working women.
La cliente Faida est présidente de l’association de credit Ukumbusho. Elle est âgée de 49 ans et mère de 7 enfants tous scolarisés. Le credit sollicité va lui servir à l’approvisionnement de 8 sacs de braises qu’elle revendra. Son souhait est que son entreprise grandisse pour assurer la survie de sa famille. Ainsi elle remercie Hekima infiniment d’avoir encouragé les femmes au travail.
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.