Mutoo, the leader of Faraja Group, is 32 years old, married and the mother of seven children. The eldest is 14 years old and the youngest 4 months. She sells handbags at the small local market called TMK. Her husband is an accountant in a public organization. Mutoo's start-up capital amounted to $200. She has been in her activity for the past 13 years. She will use this new loan to buy one bale of handbags for resale. Mutoo wants to see her children grow up and her business expand. She thanks the microfinance institution Hekima for its support with microloans.
Mutoo, leader du groupe « Faraja », âgée de 32 ans, mariée et mère de 7 enfants dont le fils ainé a 14 ans et le cadet 4 mois. Elle est vendeuse de sacs à mains dans le petit marché local appelé TMK. Son mari est un comptable dans une division publique. Son capital initial fut de 200$. Il y a de cela 13 ans révolus qu’elle exerce cette activité. Avec ce nouveau crédit, la cliente va acheter 1 ballon de sacs à mains à marchander. Cependant, elle souhaite voir ses enfants grandir et accroitre son entreprise. Ainsi, elle remercie l’IMF Hekima, pour son appui en micro crédit.
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.