Ms. Riziki is a member of the loan group Confiance. She is 50 years old and married to an unemployed man. Together they have nine children, who are all students. The new loan she is requesting will go toward purchasing 10 containers of milk, 15 cases of Fanta, and 2 boxes of bread for her cafeteria. She would like to expand her enterprise, cover her children’s schooling costs, and keep her children well-fed. Thus, she thanks Hekima and encourages it in its initiative to boost the businesses of low-income women.
Madame Riziki est membre du groupe de credit Confiance. Elle est âgée de 50 ans, mariée à un homme sans emploi et ensemble ils ont 9 enfants qui étudient tous. Le nouveau prêt sollicité va acheter 10 bidons de lait, 15 casiers de fanta et 2 cartons de pain pour la cafétéria. Elle souhaite agrandir son entreprise, couvrir les frais scolaires de ses enfants et bien les nourrir. Ainsi, elle remercie et encourage Hekima dans son initiative de booster les activités commerciales des femmes à faible revenu.
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.