This client, Mbugheki, has been a merchant for 29 years. She is the president and a member of the communal bank “Exauce”. A senior entrepreneur and energetic woman, she is 49 years old, married, and a mother of eight children, of whom four are students, two have finished school, and two others are already married.
Mbugheki is a vendor of salted fish. She displays her merchandise at the central market in town. She is requesting a loan from Hekima to grow her business. She is going to purchase 350 fish. Her husband is a miller. She started her business with funds from her friend as a loan, which she paid back later. In the future, she would like to increase her capital and provide education and food for her children.
She thanks Hekima for the support it lends to unbanked women entrepreneurs.
La cliente Mbugheki est une commerçante depuis 29 ans, présidente et membre de la banque communautaire «Exauce», senior entrepreneur dynamique, âgée de 49 ans, mariée et mère de 8 enfants dont 4 étudient, 2 ont fini les études et 2 autres sont déjà mariés. Elle est vendeuse des poissons salés. Elle étale sa marchandise dans le marché central de la ville. Elle sollicite un prêt auprès de Hekima pour accroitre ses activités. Elle va acheter 350 poissons. Son conjoint est un meunier. Elle commença ses business avec de fonds reçu de son ami comme crédit et qu’elle remboursa plus tard. Dans l’avenir, elle souhaite augmenter son capital, scolariser et nourrir ses enfants. Elle remercie Hekima pour le soutien, qu’elle apporte aux femmes entrepreneurs non bancable.
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.