The borrower Nambula, member of the Dorcas business group, is an entrepreneur. She is 50 years old, married to a storekeeper, and mother of eight children, all in school. She has worked selling artwork for more than ten years. However, she has just finished 16 loan cycles with Hekima. This new loan will be used to stock up with different works of art to sell in the street. Her goal is to educate her children and to make her business prosper. Madame Nambula thanks Hekima for its actions.
La cliente Nambula, membre du groupe d’affaire Dorcas, est entrepreneur, âgée de 50 ans, mariée à un commerçant et mère de 8 enfants tous scolarisés. Elle est vendeuse des œuvres d’art et cela fait plus de 10ans. Cependant, elle vient de réaliser 16 cycles avec le crédit de Hekima. Ce nouveau crédit va lui servir de s’approvisionner en différentes œuvres d’arts à marchander dans la rue. Elle ambitionne scolariser ses enfants et prospérer dans son bussness. Madame Nambula remercie Hekima pour ses actions.
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.