The client, Mashauri, is advisor of a borrower group, “Neema,” and a serious, experienced entrepreneur, who is 46 years old and mother of 8 children, all of whom attend school. The client is a shoe seller. Her spouse is unemployed. She sells her merchandise at the central market and sometimes from home. She started her business with her own money, which she got from her husband. Later, she benefitted from the financial support of the microcredit program Hekima. About 20 years ago, she started this business. This new loan will help her to buy 25 pairs of shoes. Thus, she hopes to grow her business and to educate, feed, and build for her children. She greatly thanks Hekima for its support via microcredit for non-bankable small businesses.
La cliente Mashauri est conseillère d’une association de crédit « Neema », entrepreneur majeur, expérimentée, âgée de 46 ans et mère de 8 enfants qui étudient tous. La cliente est vendeuse de souliers. Son conjoint est un chômeur. Elle installe ses marchandises au marché central et parfois, à son domicile. Elle commença ses affaires avec son fonds propre reçu de son mari. Plus tard, elle bénéficia le soutien financier du projet de microcrédit de Hekima. Il y a environ 20 ans, elle exerce ce business. Ce nouveau prêt va lui servir d’acheter 25 paires de souliers. Ainsi, elle souhaite accroitre son entreprise, scolariser, nourrir et construire pour ses enfants. Au finish, elle remercie fortement Hekima pour son soutien en microcrédit aux petits entrepreneurs non bancables.
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.