Muhamiriza is a shopkeeper and a member of the borrowing group "Blessing." She is 36 years old and the mother of 8 children, all of whom attend school. She is a shoe seller. Muhamiriza's husband is a teacher.
She is requesting a loan through Hekima. She plans on purchasing ten pairs of shoes to increase her stock. Muhamiriza started her business with her own funds received from her husband. In the future she hopes to educate and feed her children. She thanks Hekima for their support of small business entrepreneurs not eligible for traditional banking.
La cliente Muhamiriza est une commerçante et membre du groupe d’affaire « Blessing », âgée de 36 ans mère de 8 enfants qui étudient tous. Elle est vendeuse de souliers. Son conjoint, lui aussi est un Enseignant. Elle a sollicité un crédit auprès de Hekima. Elle va acheter dix paires de souliers pour accroitre son capital. Elle avait commencé avec ses fonds propre reçu de son mari. Dans l’avenir il souhaite scolariser et nourrir ses enfants. Ainsi, elle remercie Hekima pour son soutien aux petits entrepreneurs non bancables.
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.