This client, Sharlotte, is a merchant and a member of the business association "Kalamo". She is a woman living by herself (without a husband), 35 years old, and the mother of five children, who are all students. She has been a peanuts vendor for two years. She is requesting a loan from Hekima. She is going to purchase 30 kg of peanuts to grow her business. She had started off with her own funds from a friend.
For the future, she would like to purchase a parcel of land and to provide education to her children. Thus, she thanks Hekima for supporting women entrepreneurs by granting them microloans without the need for collateral during this time of armed conflict in the country's east.
La cliente Sharlotte est une commerçante et membre d’une association d’affaires «Kalamo », femme vivant seule (sans aucun mari), âgée de 35 ans, mère des cinq enfants qui tous étudient. Elle est vendeuse de l’arachide depuis deux ans. Elle a sollicité un crédit auprès de Hekima. Elle va acheter 30 kg d’arachide pour accroitre ses activités. Elle avait commencé avec ses fonds propre reçu de son petit ami. Dans l’avenir, elle souhaite acheter une parcelle et scolariser ses enfants. Ainsi, elle remercie Hekima pour son soutien aux femmes entrepreneurs en leur accordant des microcrédits sans garantie matérielle pendant ce moment de conflits armés à l’Est du pays.
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.