This client, Munguiko, is the advisor of the business group "Baraka alanine". A young and experienced entrepreneur, she is 31 years old, married, and the mother of eight children, all students. Her husband is a currency exchange agent. This client sells foodstuff, such as peanuts and 'chikwange' (a kind of cassava pasta or dumpling). She sets up her products at the market. She was introduced to this business by her mother about fifteen years ago. She sets up her products at the market. She was introduced to this business by her mother about fifteen years ago.
This new loan is going to be used to purchase 3 sacks of peanuts, 2 sacks of cassava, etc. Thus, she would like to increase her capital, provide schooling for her children, and build [a house]. So, she thanks Hekima very much for its micro-credit support of small-scale entrepreneurs.
La cliente Munguiko est conseillère du groupe d’affaire Baraka alanine, jeune entrepreneur expérimentée, âgée de 31 ans, mariée et mère de 8 enfants qui étudient tous. Son conjoint est un cambiste. La cliente est vendeuse des denrées alimentaires (arachides et chikwange). Elle installe ses produits au marché. Elle fut initiée par dans cette activité par sa mère, il y environ 15 ans. Ce nouveau prêt va lui servir d’acheter 3 sacs d’arachides, 2 sacs de maniocs, etc. Ainsi, elle souhaite accroitre son capital, scolariser ses enfants et construire. Au finish, elle remercie fortement Hekima pour son soutien 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.