Ms. Muyengo is the president of the business association Neema. She is 42 years old, married to a primary school teacher, and the mother of eight children, who are all in school. This client sells sugar retail at the city's central market. She had begun her business using funds from her husband and then benefited from a Hekima loan. This new loan will serve her to purchase 4 bags of sugar for bolstering her inventory. So, she thanks the microfinance institution Hekima and its partners.
Madame Muyengo est présidente de l’association d’affaire Neema, âgée de 42 ans, mariée à un enseignant d’une école primaire, mère de 8 enfants qui étudient tous. La cliente vend le sucre en détail au marche centrale de la ville. Elle avait débuté ses affaires avec le fonds reçu de son mari avant de bénéficier du crédit de Hekima. Ce nouveau prêt va lui servir à acheter 4 sacs de sucre afin de renforcer son stock. Ainsi, elle remercie l’IMF Hekima et ses partenaires.
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.