The borrower, Flotrence, is a trader and entrepreneur. She is a member and the vice-president of the Penouel business group. She is 31, and the mother of three children, all of whom go to school. The borrower sells food; she is part-owner of a shop. She sells thoses goods at the city entrance. She started this business with funds she received from her husband. She has been in this business for 11 years. This new loan will allow her to buy flour, 50kg of sugar, 50kg of rice, vegetable oil, and 5kg of Omo washing powder. Her husband is a shopkeeper. She plans on buying a plot of land, build a house, feed her children, buy them clothes, and pay for their school fees. She is very grateful to Hekima for their help in empowering female entrepreneurs with no bank accounts, especially during this critical post-conflict time in the eastern part of the country.
La cliente Flotrence est une commerçante, vice présidente et membre d’un groupe d’affaires «Penouel», entrepreneur, âgée de 31 ans, mariée et mère de 3 enfants, qui tous scolarisés. La cliente est vendeuse des denrées alimentaires et sociétaire d’un magasin. Elle étale sa marchandise à l’entrée de la ville. Elle commença ses business avec de fonds reçu de son mari. Il y a 11 ans qu’elle exerce cette activité. Ce nouveau prêt va la servir d’acheter des farines, 50 kg du sucre, 50kg de riz, les huiles végétales, 5kg savon omo. Son conjoint est un boutiquier. Ainsi, elle compte acheter une parcelle, construire, vêtir, nourrir et scolariser 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.
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.