This client, Mineene, has been a merchant for two years and is a member of the business association "Changamuka". She is 44 years old and the mother of five children (three are students and two are very young). She is a vendor of beans and is requesting a loan from Hekima. She is going to purchase 3 sacks of beans to increase her business. Her husband is a civil servant. She had started off with funds from her husband.
For the future, she would like to provide education for her children and feed them. Thus, she thanks Hekima for supporting women entrepreneurs excluded from traditional banks by granting them loans without the need for collateral.
La cliente Mineene est une commerçante depuis 2 ans et membre d’une association d’affaires « Changamuka », âgée de 44 ans et mère de 5 enfants, dont trois étudient et les 2 autres sont gosses. Elle est vendeuse d’haricots. Elle a sollicité un crédit auprès de Hekima. Elle va acheter 3 sacs d’haricots pour accroitre son activité. Son conjoint est un fonctionnaire de l’Administration publique. Elle avait commencé avec ses fonds reçu de son mari. Dans l’avenir, elle souhaite scolariser et nourrir ses enfants. Ainsi, elle remercie Hekima pour son soutien aux petits entrepreneurs en leur octroyant de crédit sans garantie matérielle et qui sont 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.