The client Prince is a teacher in a Don Bosco school. He is 35 years old, married and father to 3 children, who all study. This client already went into business in a project of a small shop selling fish. He is helped in this commercial business by his spouse. Thus, this new loan will serve to strengthen his turnover by buying 5 bags of fish (salted and smoked). This client regrets the deterioration and the development of insecurity in the province which has collateral effects, especially negative for projects. In the end, he thanks Hekima for its support in micro loans during this period of crisis, while other financial institutions already stopped granting credit.
Le client Prince est un enseignant dans une école Don Bosco, âgé de 35 ans, marié et père de 3 enfants, qui étudient tous. Ce client s’est déjà lancé dans le projet de petit commerce de poissons. Elle s’entraide avec son épouse dans ces activités commerciales. Ainsi, ce nouveau prêt doit lui servir de renforcer son chiffre d’affaire en achetant 5 sacs de poissons (salés et fumés). Ce client regrette la dégradation et le développement de l’insécurité dans la province et qui a des effets collatéraux, surtout négatifs sur ses projets. Au finish, elle remercie Hekima pour son soutien en micro crédit pendant cette période de crise, alors que les autres institutions financières ont déjà stoppé l’octroie de 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.