Mutoo Z. is an entrepreneur and the secretary of the Faraja group. She is 34 years old, married and the mother of seven. Her spouse is an accountant in a private business. Mutoo Z. sells second-hand clothing at the local market in the TMK sector. She also sells handbags in order to increase her revenues. She had launched her business with her own starting capital in the amount of $80 received from her husband. She has been in this business since 2000. Later on she obtained a loan of $50,- from IMF Hekima. The new loan will allow her to stock up on goods (one sack of second-hand clothing and one sack of handbags). In addition, her goal is to expand her business and to stock up in big cities such as Dubai. As a client of Hekima, Mutoo Z. is grateful for its work in support of the poor who are excluded from traditional banking. The Faraja group is composed of 26 members.
Mutoo Z. est entrepreneur, secrétaire du groupe Faraja, âgée de 34 ans, mariée, mère de 7 enfants. Son conjoint est un comptable d’un établissement privée. Mutoo Z. est vendeuse de friperie au petit marché sectoriel TMK. Elle fait également le commerce des sacs à mains pour accroitre ses revenus. Elle commença son business avec son fonds propre reçu de son mari d’une valeur de 80$. Depuis 2000, elle exerce cette activité. Plus tard, elle bénéficia de crédit de l’IMF Hekima de 50$. Ce nouveau crédit doit lui servir de s’approvisionner avec des nouveaux articles (1 ballon de friperie et 1 ballon de sacs à mains). En plus, elle ambitionne agrandir son entreprise et s’approvisionner dans les grands centres comme Dubaï. La cliente mutoo Z. remercie Hekima pour ses actions en faveur de pauvres exclus de banque classique. Le groupe Faraja est constitué de 26 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.