Masika M. is the president of the Espoir group. She is 60 years old, divorced, and has 7 children, some of whom are twins. All of her children have their own families. She runs a business selling a local drink called Mandale. She began this activity when she was very young, and later benefited from a loan of $50 through the microfinance institution Hekima (one of Kiva's field partners) around 2008. She says that this business has helped her raise her children. She sells her products at her home. This new loan will serve to obtain supplies of the raw ingredients to produce Mandale (3 bags of maize, sorghum, etc.). Furthermore, she aspires to buy additional plots of land for her children. Masika is grateful to Hekima for its actions on behalf of the poor who are excluded from mainstream banking. It should be noted that the Espoir group is composed of 19 members.
Masika M. est présidente du groupe Espoir, âgée de 60 ans, divorcée, mère de 7 enfants, parmi ces naissances, il ya des jumeaux. Tous ses enfants ont déjà leurs propres foyers. Elle fait le commerce de boisson locale Mandale. Elle commence cette activité dans sa petite jeunesse. Plus tard, elle bénéficia de crédit de l’IMF Hekima de 50$, vers les années 2008. Dit-elle, cette activité a fait grandir ses enfants. Elle vend à son domicile. Ce nouveau crédit doit lui servir d’approvisionner des matières premières de production boisson Mandale (3sacs de maïs, sorgho, etc.). En plus, elle ambitionne acheter d’autres parcelles pour ces enfants. La cliente Masika M. remercie Hekima pour ses actions en faveur de pauvres exclus de banque classique. Il sied de signaler que ce groupe Espoir est composé de 19 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.