Katungu S. is an entrepreneur and president of the Tuinuane group. She is 42 years old and the mother of five children. Her husband is a nurse. She is involved in the business of selling spices, tomatoes, peanuts, onions and ginger. She started her business with her own money given to her by her husband four years ago. She received a loan of $50 from the IMF Hekima in 2010. She displays her products at the main market in Virunga. This new loan will help her to secure supplies of vegetable oil, ginger, tomatoes, etc. In addition, she plans to increase her savings to $1,000 in order to start other money-making ventures. Client Katungu S. thanks Hekima for their work which helps those who are excluded from the traditional banking system. The Tuinuane group is composed of 38 members.
Katungu S. est entrepreneur, présidente du groupe Tuinuane, âgée de 42 ans, mère de 5 enfants Son mari est infirmier. Elle fait le petit commerce de vente des épices, tomates, arachides, oignons, tangausi. Elle commença son business avec son fonds propre reçu de son mari, il ya 4 ans. Elle bénéficia de crédit de l’IMF Hekima de 50$ en 2010. Elle installe ses produits au marché cental de Virunga. Ce nouveau crédit doit lui servir de s’approvisionner avec en huile végétale, tangausi, tomates, etc. En plus, elle ambitionne augmenter son épargne à 1000$ enfin d’ouvrir d’autres activités génératrices de revenu. La cliente Katungu S. remercie Hekima pour ses actions en faveur de pauvres exclus de banque classique. Il sied de signaler que le groupe Tuinuane est composé de 38 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.