This client, M’Baganda, is the president of the loan group Linda. She is married at 43 years of age to a businessman, and she is the mother of nine children, who all go to school. A vendor at the big public market for over ten years, she is requesting this new loan to purchase2 bales of secondhand clothing. Her goal is to become a wholesaler. She thanks the microfinance institution Hekima for providing training to poor women who are active in the economy.
La cliente M’Baganda est présidente dans le groupe de credit Linda. Elle est mariée à l’âge de 43 ans à un homme d’affaire et mère de 9 enfants qui vont tous à l’école. Vendeuse au grand marché public depuis plus de 10 ans, elle sollicite ce nouveau prêt pour acheter 2ballons de friperies. Son objectif est de devenir grossiste. Elle remercie Hekima pour l’encadrement des femmes pauvres économiquement actives.
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.