Noella B. is the president of the Umoja Virunga group. She is 28 years old, married, and has 4 children. Her husband is a second-hand clothing salesman. All of her children are students except for the youngest. Immediately after the eruption of the Nyiragongo volcano, which would go on to completely destroy the town of Goma in 2002, Noella started a business with her own funds selling used clothes, running the same type of business as her husband. She displays her goods at the central market in Virunga. This new loan should serve to supply her stock with one bale of (used) clothing, with the remainder being used to pay for her children's school expenses and to build up some savings for a safety net. Furthermore, she aspires to become a wholesale used clothing seller. Noella thanks Hekima (one of Kiva's field partners) for its work on behalf of the poor who are excluded from mainstream banking. It must be noted that the Umoja Virunga group is composed of 18 women, of whom one is represented by her husband, since she was unable to be there during the loan distribution.
Noella B. est présidente du groupe Umoja Virunga, âgée de 28 ans, mariée, mère de 4 enfants, son mari est vendeur des habits usagers (friperie). Tous ses enfants étudient sauf le cadet. Juste l’après l’éruption du volcan Nyiragongo, qui aurait complètement détruit la ville de Goma en 2002, elle commença son business avec son fond propre par la vente des habits usagers, en exerçant la même activité que son mari (friperie). Elle expose ses marchandises dans le marché central de Virunga. Ce nouveau crédit doit lui servir d’approvisionner son stock avec un ballon d’habits (friperie), le reste lui servira de payer les frais scolaires de ses enfants et de se constituer l’épargne pour une marge de sécurité d’affaire. En plus, elle ambitionne devenir grossiste des habits usagers. La cliente Noella B. remercie Hekima pour ses actions en faveur de pauvres exclus de banque classique. Il sied de signaler que ce groupe Umoja Virunga est composé de 18 femmes dont un homme a représenté son épouse, qui fut empêchée lors de distribution de prêts.
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.