The customer, Kaghoma, is an elderly trader and member of the "Joyeuse B" Banc Villageois. She is a dynamic entrepreneur who is 55 years old, married and mother to nine children, four of whom are studying and five of whom are married. The customer sells ordinary "pagnes" (brightly-colored pieces of fabric). She lays out her goods in a town market. She has been carrying out this business for 33 years and benefited from a loan from IMF Hekima later on. Her husband is unemployed. This new loan will be used to buy 28 pieces of "pagne" fabric. She would like to buy a plot of land, expand her business and educate and feed her children. Finally she is extremely grateful to Hekima for giving autonomy to female entrepreneurs who do not have access to banks.
La cliente Kaghoma est une doyenne commerçante et membre d’une banque villageoise «Joyeuse B», entrepreneur, dynamique, âgée de 55 ans, mariée et mère de 9 enfants, dont 4 étudient et 5 sont mariés. La cliente est vendeuse des pagnes ordinaires. Elle installe ses marchandises dans un marché de la ville. Plus tard, elle bénéficia le prêt de l’IMF Hekima. Il y a 33 ans qu’elle exerce cette activité. Son conjoint est sans emploi. Ce nouveau prêt va la servir d’acheter 28 pièces de pagnes. Ainsi, elle souhaite acheter une parcelle, accroitre son activité, scolariser, et nourrir ses enfants. Au finish, elle remercie fortement Hekima pour l’autonomisation des femmes entrepreneurs non bancables
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.