Faida Joséphine is the president of the La Victoire group, is 48 years old and a married mother of eight whose husband is unemployed. Her eldest son is 26 and the youngest is 8 years old; all her children are in education. She began selling Primus beer and Fanta 26 years ago. She began the business with funds that she received from her father, around 50$. She showcases her wares from her home and sometimes on the road. This loan will enable her to boost her revenues by purchasing a 1100$ plot of land through cumulative loans. The main obstacle is that she sells her goods in local currency (Congolese franc). However this currency is not stable and is subject to high inflation and often loses value against the dollar; all Congolese merchants fear the franc and keep their transactions in dollars. She would like to see her children finish school and double her stock of Primus and Fanta from 40 to 70 cases. Faida Joséphine would like to thank Hekima for its actions that help poor citizens who are excluded from the mainstream banking system. The La Victoire group is made up of thirteen members.
Faida Joséphine est présidente groupe la victoire, âgée de 48 ans, mariée, mère de 8 enfants, son mari est chômeur. Son fils ainé a 26 ans et le cadet a 8 ans et tous étudient. Il y a 26 ans qu’elle exerce le petit commerce de vente de la bière Primus et Fanta. Elle a commence avec ses fonds propre reçu de son père environ 50$. Elle expose ses marchandises à son domicile et parfois sur la rue publique. Ce crédit va lui permettre d’augmenter son chiffre d’affaire en achetant une parcelle de 1100$ en y associant ses épargnes cumulatives de cycle. Le grand obstacle est qu’elle vend en monnaie nationale (franc congolais). Cependant cette monnaie congolaise n’est pas stable, elle subit de plus à plus l’inflation, ce qui entraine de perte de change avec la devise (les dollars), comme tous les congolais craignent le franc congolais, pour garder leurs économies en dollars. Elle souhaite voir ses enfants finir les études et doubler ses caisses de Primus et Fanta de 40 à 70 caisses. La cliente Faida Joséphine remercie Hekima pour ses actions en faveur de pauvres citoyens exclus de banque classique. Il sied de signaler que ce groupe la victoire est composé de 13 membres.
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.