Masika Maombi J. is an entrepreneur, the treasurer of Utushike Group, 51 years old, married and the mother of six children. Her husband is unemployed. Our customer Masika Maombi J. sells plastic shoes (called "bodaboda" in the local language) from her home and along the street. She began her business with working capital that she had received from her husband. Before starting this trade, she was a street peddler, selling groundnuts in public space, shopping streets, hotels, cafés, restaurants, snack bars, etc. Her initial working capital amounted to $100. Later, early 2010, she was granted a loan of $50 by the microfinance institution Hekima. She will use her new loan to buy new merchandise for sale (20 pairs of shoes, 5 units of pagnes, etc.). She told us that her goal is to see her children finish their studies. Our client Masika Maombi J. thanks Hekima for supporting poor people excluded from the traditional banking system.
Utushike Group is composed of 26 members. This photo was taken in the chapel, where the group has its business meetings.
Masika Maombi J. est entrepreneur, trésorière du groupe Utushike, âgée de 51 ans, mariée, mère de 6 enfants. Son conjoint est chômeur, sans emploi. La cliente Masika Maombi J. est vendeuse des souliers plastics localement appelés bodaboda à son domicile et au long de la rue ambiante. Elle commença son business avec son fonds propre reçu de son mari. Avant de joindre cette activité, jadis, elle vendait ambulante des arachides dans le lieu public, dans les rues commerciales, dans les hôtels, au café resto-bars, etc. Son capital d’affaire fut 100$. Plus tard, elle bénéficia le premier crédit de l’IMF Hekima de 50$ au début de 2010. Ce nouveau crédit doit lui servir de s’approvisionner avec des nouveaux produits (20 pairs de souliers, 5 pièces des pagnes à revendre, etc.). En plus, elle ambitionne voir ses enfants finir leurs études. La cliente Masika Maombi J. remercie Hekima pour ses actions en faveur de pauvres exclus de banque classique. Le groupe Utushike est constitué de 26 membres. Cette photo fut prise à l’intérieur de la chapelle qui leur sert de lieu des réunions d’affaire.
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.