Mishonya L. is an entrepreneur, the president of the Ushuuda group, 60 years old, and the mother of 5 children. Her spouse is a loan officer in a local cooperative. She runs a small business selling diverse items (rice, plastics, shoes, etc.) at the sectoral market of Katindo II. As soon as she was married, about 35 years ago, she began her business with her own funds, received from her husband. Around 2008, she received her first loan of $50 from the IMF Hekima. This new loan should allow her to stock up on new products (1 bag of rice, dozens of plastics, 10 pairs of shoes, etc.). Moreover, her ambition is to comfortably build a house for her young children and have them educated. The client, Mishonya L., thanks Hekima for its actions in favor of the poor, who are excluded from classic banks. The group Ushuuda is made up of 34 members.
Mishonya L. est entrepreneur, présidente du groupe Ushuuda, âgée de 60 ans, mariée, mère de 5 enfants. Son conjoint est un chargé de crédit dans une coopérative de la place. Elle fait le petit commerce de divers (riz, plastics, souliers, etc.) au marché sectoriel de Katindo II. Aussitôt fait le mariage, environs 35 ans, elle commença son business avec son fonds propre reçu de son mari. Vers 2008, elle bénéficia de premier crédit de l’IMF Hekima de 50$. Ce nouveau crédit doit lui servir de s’approvisionner avec des nouveaux produits (1 sac de riz, dizaines des plastics, 10 paires souliers, etc.). En plus, elle ambitionne construire confortablement une maison pour ses jeunes enfants et les faire scolariser. La cliente Mishonya L. remercie Hekima pour ses actions en faveur de pauvres exclus de banque classique. Le groupe Ushuuda 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.