Shamamba K. is an entrepreneur. She is 32 years old, a single woman, and the mother of 4 children. She sells used clothing (second-hand). She began her business with her own funds, given by her mother. Later on, she received a loan for $50 from IMF Hemika in 2008. She sets up her products in the small sectoral market of the neighborhood TMK. This new loan should allow her to stock up with one ball of clothing (second-hand). Moreover, she hopes to become a wholesaler of second-hand clothing. The client Shamamba K. thanks Hekima for its work to help the impoverished who are excluded by classic banks. The group Paradizo is made up of 27 members.
Shamamba K. est entrepreneur, âgée de 32 ans, femme vivant seule, mère de 4 enfants. Elle vend des habits usagers (friperie). Elle commença son business avec son fonds propre, initiée par sa mère. Plus tard, elle bénéficia de crédit de l’IMF Hekima de 50$ en 2008. Elle installe ses produits au petit marché sectoriel du quartier TMK. Ce nouveau crédit doit lui servir de s’approvisionner avec 1 ballon de vêtements (friperie). En plus, elle ambitionne devenir commerçante grossiste des friperies. La cliente Shamamba K. remercie Hekima pour ses actions en faveur de pauvres exclus de banque classique. Le groupe Paradizo est constitué de 27 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.