Faida is an assistant leader of the business group called « Matumaini». She is a young but experienced entrepreneur aged 38 and the mother of seven children who are all enrolled in school. She sells manioc and displays her merchandise at the public market. She began her business with a loan from MFI Hekima more than nine years ago.
She has already been able to achieve a lot for her family using the profit from this business. This new loan will serve her to grow her income by buying eight sacks of manioc. In this way, she hopes to be able to pay her children's school fees and build a nice little house. The insecurity (due to the rebels and other predatory men) in the villages where she sources her goods is a challenge for the development of her activity. Finally, she thanks Hekima sincerely for its support with micro-loans to small entrepreneurs who have no access to banking services, during this critical wartime period.
La cliente Faida est un leader adjoint du groupement d’affaire « Matumaini»,jeune, entrepreneur expérimentée, âgée de 38 ans et mère de 7 enfants qui étudient tous. La cliente est vendeuse de manioc. Elle installe ses produits au marché public. Elle commença ses affaires avec le prêt de l’IMF Hekima, il y a plus de 9 ans. La cliente a déjà réalisé beaucoup de projets pour sa famille à travers les bénéfices de ce commerce. Ce nouveau prêt va lui servir d’accroitre son portefeuille en achetant 8 sacs de manioc. Ainsi, elle souhaite scolariser ses enfants et construire une jolie maison. L’insécurité (due aux rebelles et autres inciviques) dans les villages d’approvisionnement est un défi pour le développement de son activité. Au finish, elle remercie fortement Hekima pour son soutien en microcrédit aux petits entrepreneurs non bancables, pendant ce moment critique de guerre.
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.