Masika M. E. is an entrepreneur, the president of the Confiance group, 42 years old, married and the mother of 8 children. Her spouse is a businessman in a pharmacy dispensary. The client, Masika M. E., is an artist. She weaves women's hats from threads at her home and sells them at the central market of Virunga. It has been about four years that she has run this art business. She benefited from her first loan of $50 from the IMF Hekima in January 2010. This new credit should allow her to restock on clothing materials (raffia threads, laces, cloths, etc.) and to increase her share of the market. Moreover, her ambition is to grow her business. The client Masika M. E. thanks Hekima for its actions in favor of the poor, who are excluded from classic banks. She group Confiance is made up of 35 members.
Masika M. E. est entrepreneur, présidente du groupe Confiance, âgée de 42 ans, mariée, mère de 8 enfants. Son conjoint est entrepreneur d’une officine pharmaceutique. La cliente Masika M. E. est artiste, elle tisse les chapeaux dames en files à son domicile et les vendre au marché central de Virunga. Environs 4 ans, qu’elle exerce cette activité d’art. Elle bénéficia de premier crédit de l’IMF Hekima de 50$ vers janvier 2010. Ce nouveau crédit doit lui servir de s’approvisionner avec des matériels de confection (files raphia, dentelles, tissus, etc.) et d’augmenter sa part du marché. En plus, elle ambitionne agrandir son activité. La cliente Masika M. E. remercie Hekima pour ses actions en faveur de pauvres exclus de banque classique. Le groupe confiance est constitué de 35 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.