The client named Mishonya is a businesswoman, she is vice-president of the Ushuhuda group, over 60 years old and married with five children. Her husband is a credit manager in a local cooperative. She has a small business where she sells various items (rice, plastics, shoes, etc.) at the little market in Katindo II. As soon as she was married, about 35 years ago, she started up her business with her own funds received from her husband. In about 2008, she was awarded a first loan from IMF Hekima. This new loan will enable her to stock up on new products (1 bag of rice, dozens of plastics, ten pairs of shoes, etc.) for she will be able to take advantage of the festive season to sell them. In addition, she plans to build a house for her younger children and to send them to school. The client thanks Hekima for its action in favour of poor people who are excluded from traditional banks. It should be noted that some clients are carrying their babies.
La cliente Mishonya est entrepreneur, vice présidente du groupe Ushuhuda, âgée de plus de 60 ans, mariée, mère de 5 enfants. Son conjoint est un chargé de crédit dans une coopérative de la place. Elle fait le petit commerce de divers (riz, plastics, souliers, etc.) au petit marché de Katindo II. Aussitôt, elle a fait le mariage, environs 35 ans, elle commença son business avec son fonds propre reçu de son mari. Vers 2008, elle bénéficia de premier crédit de l’IMF Hekima. Ce nouveau crédit doit lui servir de s’approvisionner avec des nouveaux produits (1 sac de riz, dizaines des plastics, 10 paires souliers, etc.), car elle pourra profiter de cette période de festivité pour vendre. En plus, elle ambitionne construire une maison pour ses jeunes enfants et les faire scolariser. La cliente remercie Hekima pour ses actions en faveur de pauvres exclus de banque classique.Il sied de signaler que certaines clientes portent leurs bébés.
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.