F. K. is an entrepreneur who is 34 years old and the mother of 11 children. Only 6 of her children are in school, the others do not attend school for the lack of financial resources. Her husband is a private chauffeur. She sells palm oil. She started out her business with her own money, funds that were given to her by her husband totalling $30. Later she received her first loan from IMF Hekima in the amount of $50. She has her business in the market located in the Ndosho quarter. Her new loan will be used to purchase 3 barrels of palm oil. She hopes to raise enough money to send her kids to school. F. K. is grateful to the Hekima organization for their efforts to cater to the poor who are excluded from traditional banks. The group named Masikilizano is made up of 34 members.
F. K. est entrepreneur, âgée de 34 ans, mariée, mère de 11 enfants. Seulement 6 enfants étudient et les 5 autres n’étudient pas faute de moyens financiers. Son époux est chauffeur d’un privé. Elle vend l’huile de palme. Elle commença son business avec son fonds propre reçu de son époux ayant une valeur de 30$. Plus tard, elle bénéficia le crédit de l’IMF Hekima de 50$. Elle installe ses marchandises au marché sectoriel du quartier Ndosho. Ce nouveau crédit doit lui servir de s’approvisionner avec 3 bidons d’huile de palme. En plus, elle ambitionne réaliser un fonds pour scolariser ses enfants. La cliente F. K. remercie Hekima pour ses actions en faveur de pauvres exclus de banque classique. Le groupe Masikilizano est constitué de 34 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.