This client, by the name of Mutima, is the leader and chair of the « Noah’s Ark » lending group. She is an entrepreneur, over 50 years of age, married and the mother of six children, all of whom study. Some of them are university students, and several have their own households. She sells used clothing and is a member of a modern sewing shop. Her husband teaches at the university. She sells her merchandise by the road in front of her house. She has been in this business for 22 years. She just finished 13 loan cycles with Hekima. This new loan will allow her to buy two bales of used clothing. Her goal is to ensure her children’s education and to buy a house on the land plot she had purchased with the earnings from her business. This client thanks Hekima for its support of women lacking financial means and access to traditional banking.
La cliente Mutima, présidente et doyenne du groupe d’affaire « Arche de Noé», est entrepreneur, âgée de plus de 50 ans, mariée, mère de 6 enfants, tous étudient, parmi les quels, il y a des universitaires et d’autres ont leurs propres foyers. Elle est vendeuse de friperie et sociétaire d’un atelier moderne de coupe couture. Son mari est un professeur de l’université. Elle étale ses marchandise au long de la route, devant son domicile. Il y a 22 ans révolus,elle exerce ces activités. Cependant, elle vient de réaliser 13 cycles avec le crédit de Hekima. Ce nouveau crédit doit lui servir de s’approvisionner avec 2 ballons de friperies. En plus, elle ambitionne scolariser ses enfants et construire une maison dans la parcelle qu’elle avait acheté des bénéfices cumulés de son business. La cliente remercie Hekima pour ses actions en faveur de 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.