Kabala M. is an entrepreneur and President of the Ararati group. She is 38 years old, a widow and a mother of three children. All her children are studying comfortably. Her husband died a long time ago after a short illness. She has a small business of selling shoes. She started the business with her own money, which she received from her husband. She has been in business for 10 years. Later in 2008, she benefited from a loan from the MFI Hekima. She set up her products for sale along the road. This new loan will go towards her new business of selling fish, which she wants to start now. Moreover, it is her ambition to build a house. The clients of Kabala M. thank Hekima for their work helping the poor who are excluded from the traditional banking sector. It is important to note that the Ararati group is mostly women.
Kabala M. est entrepreneur, présidente du groupe Ararati, âgée de 38 ans, veuve, mère de 3 enfants, tous étudient confortablement. Son mari est décédé depuis longtemps suite à une courte maladie. Elle fait le petit commerce de vente souliers. Elle commença son business avec son fonds propre reçu de son mari. Il ya 10 ans, qu’elle est en activité. Plus tard, elle bénéficia de crédit de l’IMF Hekima en 2008. Elle installe ses produits au long de la rue ambiante. Ce nouveau crédit doit lui servir dans la nouvelle activité de vente poissons qu’elle veut initier d’ici là. En plus, elle ambitionne construire une maison. La cliente Kabala M. remercie Hekima pour ses actions en faveur de pauvres exclus de banque classique. Il sied de signaler que le groupe Ararati est majoritairement feminins.
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.