The borrower, Esther, works in retail and is the member of a business group named "Joyeuse Bus". She is 43 years old and a dynamic entrepreneur. She is also married and the mother of three children who all go to school. Esther sells "pagnes" (colorful African fabrics), displaying her merchandise at the local busy market, in town.
Esther has already received loans from Hekima. She has been running her business for the past 26 years. Her husband is currently unemployed. With this new loan, she will buy 12 sets of pagnes.
Esther would like educate and feed her children, as well as install a fence around her plot of land. In the end, she is very thankful to Hekima for empowering women entrepreneurs excluded from the traditional banking system, particular during this post-conflict period in Eastern Congo.
La cliente Esther est une commerçante et membre d’un collectif d’affaires «Joyeuse Bus», entrepreneur, dynamique, âgée de 43 ans, mariée et mère de 3 enfants qui tous, étudient. La cliente est une vendeuse des pagnes. Elle installe ses marchandises dans le marché animé de la ville. Plus tard, elle bénéficia le prêt de l’IMF Hekima. Il y a 26 ans qu’elle exerce cette activité. Son conjoint est sans emploi. Ce nouveau prêt va la servir d’acheter 12 pièces de pagnes. Ainsi, elle souhaite construire la clôture de sa parcelle, scolariser, et nourrir ses enfants. Au finish, elle remercie fortement Hekima pour l’autonomisation des femmes entrepreneurs non bancables, surtout; pendant ce moment 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.