Kahambu M. M. is a businesswoman and president of the business group "Nyota." She is 30 years old, married, and has 3 children. Her husband is an engineer for the telecommunications firm "Air Tel." Kahambu M. M. is a retailer of pagnes (a type of brightly-printed West African cloth). She is based at the central market in Virunga, and has run this business for 7 years. She launched her business with her own funds, which were given to her by her older sister. The initial capital was $100. This new loan is meant to help her supply herself with new merchandise (15 sets of pagnes). In addition, her ambition is to enlarge her business and educate her children. Kahambu M. M. is thankful to Hekima (one of Kiva's field partners) for its actions on behalf of the poor who are excluded from the traditional banking system. It is to be noted that the business group "Nyota" is composed primarily of women.
Kahambu M. M. est entrepreneur, présidente du groupe d’affaire « Nyota », âgée de 30 ans, mariée, mère de 3 enfants. Son mari est un ingénieur dans une entreprise de communication « Air Tel ». La cliente Kahambu M. M. est vendeuse des pagnes. Elle s’installe au marché central de Virunga. Il ya 7 ans qu’elle est exerce cette activité. Elle démarra son business avec de fonds propre reçu de sa grande sœur. Le capital initial fut 100$. Ce nouveau crédit doit lui servir de s’approvisionner avec des nouvelles marchandises (15 doubles des pagnes). En plus, elle ambitionne agrandir son entreprise et scolariser ses enfants. La cliente Kahambu M. M. remercie Hekima pour ses actions en faveur de pauvres exclus de banque classique. Il sied de signaler que le groupe d’affaire « Nyota » est majoritairement féminins.
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.