Masika is the leader of the Tuongozane business group. She is a 40-year old entrepreneur and the mother of 12 children who are all in school. Masika sells potatoes at the central market of Virunga. She and her husband are both small retailers. Masika has been a small retailer for 14 years and raised her initial capital with crops grown on her own land. This loan would be used to buy 6 sacs of potatoes for resale and to pay for her children's education. Masika would also like to provide for her children's future by buying them plots of land. She would like to thank Hekima for helping disadvantaged women excluded from regular bank lending channels.
La cliente Masika, leader du groupe d’affaire « Tuongozane », est entrepreneur, âgée de 40 ans, mère de 12 enfants qui étudient. Elle est vendeuse de pommes de terre. Son mari est aussi petit commerçant. Elle installe ses marchandises au marché central de Virunga. Il y a 14 ans révolus qu’elle exerce ces petites activités génératrices de revenus de ce genre. Elle s’était constituée son premier capital à travers ses récoltes de son champ. Ce nouveau crédit doit lui servir de s’approvisionner avec 6 sacs de pommes de terre à marchander et payer les fournitures scolaires à ses enfants. En plus, elle souhaite voir ses enfants grandir confortablement et acheter des parcelles pour ses enfants. La cliente remercie Hekima pour ses actions en faveur de pauvres femmes exclues de banque classique.
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.