Cibalonza, head of the Alliance I business group, is an ambitious woman who has been in business since 1997. She is 45 years old and has ten children, who are all in school, and is engaged to a businessman.
Cibalonza is requesting another loan to buy 30 sacks of rice and 20 sacks of beans. She hopes to build a house on the plot of land she has just bought with her savings and would like to thank Hekima for its assistance.
Madame Cibalonza, femme ambitieuse est présidente de l’association d’affaire Alliance I. Elle est commerçante depuis 1997. A l’âge de 45 ans, elle est mère de 10 enfants qui vont tous à l’école et est engagée à un homme d’affaire. Elle sollicite ce nouveau prêt pour acheter 30 sacs de riz et 20 sacs de haricots. Son rêve est de construire une maison dans la parcelle qu’elle vient d’acheter grâce à ses épargnes. Ainsi, elle remercie grandement Hekima.
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.