Kashibondo W. is a businesswoman and member of the "Ujumbe" business group. She is 39 years old, married, and has 8 children. Her husband is a public administration civil servant in the postal and telecommunications division "OPCT." Kashibondo W. is a seller of cement, lime, and other construction materials. She displays her goods at a hardware store, and has run this business for three years. She launched her business with her own funds, given to her by her husband. She has just completed 9 loan cycles with the microfinance institution Hekima (one of Kiva's field partners). This new loan will serve to buy 50 bags of cement and other construction material. In addition, her ambition is to enlarge her business, educate her children, and build a permanent home. Kashibondo W. is thankful to Hekima for its actions on behalf of the poor who are excluded from the classical banking system. It is to be noted that the "Ujumbe" business group is composed primarily of women.
Kashibondo W. est entrepreneur, membre du groupe d’affaire « Ujumbe », âgée de 39 ans, mariée, mère de 8 enfants. Son mari est un fonctionnaire de l’administration publique à la division de poste et télécommunication « OCPT ». La cliente Kashibondo W. est vendeuse des ciments, chaux et autres matériaux de construction. Elle expose ses marchandises dans une quincaillerie. Il ya 3 ans qu’elle exerce cette activité. Elle démarra son business avec de fonds propre reçu de son mari. Elle vient de réaliser 9 cycles avec les crédits de l’IMF Hekima. Ce nouveau crédit doit lui servir de s’approvisionner avec des 50 sacs de ciments et autres articles de construction. En plus, elle ambitionne agrandir son entreprise, scolariser ses enfants et construire une maison en dur. La cliente Kashibondo W. remercie Hekima pour ses actions en faveur de pauvres exclus de banque classique. Il sied de signaler que le groupe d’affaire « Ujumbe » 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.