Client Kavugho, the leader of the business group “Rafiki,” is an entrepreneur. She is 40 years old, married and the mother of several children and grandchildren. Her husband is unemployed. She sells women’s clothing (pagnes, which are brightly colored lengths of cloth). She has been involved in this money-making work for 7 years. She has been through 6 loan cycles with Hekima. The first money she had came from her husband. This new loan will allow her to buy 15 pagnes to sell and to carry out some other plans for the family. She would also like to see her children grow up more comfortably and to be educated. This client thanks Hekima for its work to benefit poor women who are excluded from the traditional banking system.
La cliente Kavugho, leader du groupe d’affaire «Rafiki», est entrepreneur, âgée de 40 ans, mariée, mère de plusieurs enfants et petits fils et filles. Son mari est un chômeur. Elle est vendeuse de d’habits dames (pagnes). Elle exerce ces petites activités génératrices de revenus de ce genre il ya 7 ans. Cependant, elle vient de réaliser 6 cycles avec crédit de Hekima. Son premier capital fut reçu de son mari. Ce nouveau crédit doit lui servir de s’approvisionner avec 15 pièces de pagnes à marchander et réaliser d’autres micros projets de la famille. En plus, elle souhaite voir ses enfants grandir confortablement et scolariser 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.