Farida is the president of the loan association Tupendane/Miti. A courageous and ambitious leader, she is 39 years old, married to a police officer and the mother of 7 children, 5 of whom attend school. She is a small trader in the commercial centre of Miti and is requesting a new loan so that she can buy various food items (eggs, salted fish, small fry, canola, doughnuts, etc.). She hopes to increase her small output with Hekima's help, but is worried about having to sell on credit as there is no money circulating. The customer thanks Hekima.
Farida est présidente de l'association de credit Tupendane/Miti. Leader courage et ambitieuse, elle est âgée de 39ans, mère de 7 enfants dont 5scolarisés et mariée à un policier. Engagée dans le petit commerce au centre commercial de Miti, elle sollicite un nouveau crédit pour l'achat des divers denrées alimentaires (oeufs, poissons salés, fretin, tourteau, beignets, etc.). Elle espère accroitre sa petite unité de production avec l'appui de Hekima mais craint la vente à crédit comme il y a pas de cash circulant. La cliente remercie Hekima.
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.