The client Zainabo, leader of the business group "Mashauri," is a young entrepreneur, approximately 38 years old, mother to 10 children who are all studying. She is a seller of clothing (secondhand clothes). Her husband is a shopkeeper selling diverse items. She sets up her merchandise at the central market of Virunga.
Nine years have passed that she has been practicing this little business which generates income. Meanwhile, she has just completed 13 loan cycles with Hekima. This new loan will serve to supply her with 2 bundles of secondhand clothes to resell. In addition, she hopes to see her children grow up comfortably and expand her business. The client thanks Hekima for its actions in favor of poor women excluded from traditional banking.
La cliente Zainabo, leader du groupe d’affaire «Mashauri», est jeune entrepreneur, âgée d’environ 38 ans, mère de 10 enfants qui étudient tous. Elle est vendeuse d’habits (friperies). Son mari est un petit commerçant de divers. Elle installe ses marchandises au marché central Virunga. Il y a 9 ans révolus qu’elle exerce ces petites activités génératrices de revenus de ce genre. Cependant, elle vient de réaliser 13 cycles avec le crédit de Hekima. Ce nouveau crédit doit lui servir de s’approvisionner avec 2 ballons de friperies à marchander. En plus, elle souhaite voir ses enfants grandir confortablement et agrandir son entreprise. 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.