Lukambo is 53 years old, and she is the president of the “Ushuhuda” group. A mother of five children, the client sells various products in the public market. Her husband works in public service as an official.
This new loan will allow her to run her business. Therefore, she will buy rice, vegetable oil, lotion, shoes, soap, books, pens, sugar, salt, clothes, etc., in order to sustain her business. The benefits will help in sending her children to school and in building her house. Nevertheless, she faces different problems such as high taxes, police hassles, etc. The client would like to thank Hekima for the financial support.
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.