The customer, Media, is a member of the Baraka Office business group. She is an experienced entrepreneur who is 44 years old, a widow and mother to five children, who are all studying. She sells charcoal and sells her products in a small store and sometimes from home. She began her business with capital given to her by her family (her elder brother in fact) around 11 years ago. This new loan will be used to buy 20 sacks of charcoal. She thereby wants to expand her business, educate and feed her children and also build a house. Finally, she is extremely grateful to Hekima for its support in the form of microfinance to small entrepreneurs, particularly to widows.
La cliente Media est membre du collectif d’affaire « baraka office», entrepreneur expérimentée, âgée de 44 ans, veuve et mère de 5 enfants qui étudient tous. La cliente est vendeuse de braises. Elle installe ses produits dans un petit dépôt et parfois, à son domicile. Elle commença ses affaires avec son fonds propre reçu de son familier (alors son grand frère), il y a environ 11 ans. Ce nouveau prêt va lui servir d’acheter 20 sacs de braises. Ainsi, elle souhaite accroitre son entreprise, scolariser, nourrir ses enfants et construire une maison. Au finish, elle remercie fortement Hekima pour son soutien en microcrédit aux petits entrepreneurs, surtout aux veuves.
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.