The member Lunguma is treasurer of the Makimbilio credit loan group. She is a dynamic entrepreneur, aged 35 and the mother of eight children, all attending school. Her husband is unemployed.
The member sells tote bags, and is also a seamstress. She sets up shop at the market. She started her business using funds received from her husband. She has been pursuing these small business activities for the past three years.
This new loan will be used to buy one bale of tote bags to resell at bargain prices. In the future, she wants to increase her working capital and buy a plot of land. Finally,she is very thankful to the Hekima IMF for its microcredit project to help small businesses.
La cliente Lunguma est trésorière du groupe de crédit Makimbilio, entrepreneur dynamique, âgée de 35 ans et mère de 8 enfants, qui étudient. Son conjoint est sans emploi. La cliente est vendeuse des emballages (sacs). Elle est aussi couturière. Elle s’installe au marché. Elle commença ses affaires avec son fonds propre reçu de son mari. Il y a 3 ans qu’elle fait ces petites spéculations. Ce nouveau prêt va lui servir d’acheter 1 ballon des emballages (sacs) à marchander. Dans le future, elle souhaiter accroitre son capital et acheter une parcelle. Ainsi, elle remercie grandement l’IMF Hekima pour son projet en microcrédit aux petits entrepreneurs.
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.