Vumilia has been a storekeeper for the last 10 years and the member of a business association called Mwito. She is 40 years old and the mother of six children, all of whom attend school. She sells used clothing. She is asking for a loan from Hekima in order to purchase a large amount of used clothing in order to grow her business. Her partner is a farmer. She began this business with money received from her biological family. In the future, she hopes to educate and feed her children. She is thus thankful to Hekima for the support provided to small entrepreneurs that are excluded from the classic banking system.
La cliente Vumilia est une commerçante depuis 10 ans et membre d’une association d’affaires « Mwito », âgée de 40 ans et mère de 6 enfants qui tous étudient. Elle est vendeuse de friperie. Elle a sollicité un crédit auprès de Hekima. Elle va acheter un ballon de friperie pour accroitre son business. Son conjoint est un cultivateur. Elle avait commencé avec ses fonds propre reçu de sa famille biologique. Dans l’avenir, elle souhaite scolariser et nourrir ses enfants. Ainsi, elle remercie Hekima pour son soutien aux petits entrepreneurs exclus du système bancaire classique.
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.