The customer, Lubumba, is a good and honest trader with 20 years' experience? She is a member and secretary of the Ushuhuda business association, and she is a 45-year old mother of nine children, all of whom are studying. She sells foodstuffs and displays her goods in the road of the town's commercial center. She is requesting a loan from Hekima to expand her business. She is going to buy ten sacks of cassava flour and five sacks of coal. She began her business with capital from her husband. He is an experienced metal worker and welder who works locally. She would like to increase her capital and also educate her children and ensure their well-being. She is grateful to Hekima for its support to female entrepreneurs, who do not have access to classic banks, by granting them microloans without any collateral, particularly during this post-conflcit period in the east of the country.
La Cliente Lubumba est une brave commerçante d’une expérience de 20 ans, secrétaire et membre d’une Association d’Affaires « Ushuhuda » âgée de 45 ans et mère de 9 enfants qui tous, étudient. Elle est vendeuse des denrées alimentaires. Elle étale ses marchandises sur la rue du centre commercial de la ville. Elle sollicite un prêt auprès de Hekima pour accroitre son entreprise. Elle va acheter 10 sacs de farine de manioc et 5 sacs de braises. Elle démarra avec de fonds reçu de son mari. Son conjoint, c’est un ajusteur soudeur expérimenté de la place. Elle souhaite accroitre son capital, scolariser et assurer les mieux êtres de ses enfants. Elle remercie Hekima pour son soutien aux femmes entrepreneurs en leur donnant de microcrédit sans garantie matérielle et qui sont exclues du système bancaire classique, surtout, dans la période post conflits 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.