Hekima client Munguiko is a good businesswoman and member of a group called «Baraka Alanine». She is a senior entrepreneur, aged 32, married and the mother of nine children, eight enrolled in school and one still too young for school. She sells peanuts, displaying her merchandise in a town market. She began her business with money loaned her by Hekima. Her husband is a currency changer. She has been in this business for 20 years.
The new loan will allow her to buy 10 sacks of peanuts. In this way, she hopes to grow her working capital, and feed, clothe and pay school fees for her children. Finally, she thanks Hekima sincerely for helping women entrepreneurs who can't obtain bank loans to become independent, especially in this critical post-conflict period in the Eastern region of the country.
La cliente Munguiko est une brave commerçante et membre d’un groupe d’affaires «Baraka Alanine», senior entrepreneur, âgée de 32ans, mariée et mère de 9 enfants, 8 sont scolarisés et 1 encore petit. La cliente est une vendeuse d’arachides. Elle étale sa marchandise dans un marché de la ville. Elle commença ses business avec de fonds reçu de Hekima. Son conjoint est un cambiste (Changeur de monnaies). Il y a 20 ans qu’elle exerce cette activité. Ce nouveau prêt va la servir d’acheter 10 sacs d’arachides. Ainsi, elle souhaite accroitre son capital, construire une maison, scolariser, vêtir, et nourrir ses enfants. Au finish, elle remercie fortement Hekima pour l’autonomisation des femmes entrepreneurs non bancables, surtout; pendant ce moment critique post conflits dans la région de 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.