This client, Miderwa, is a counselor of the business group "Grace". She is a 42-year-old businesswoman and has five children, all of whom are in school. She is a widow. She has been selling shoes at the public market for nine years. She began this business with her own finances, which were provided by her husband before his death. Thanks to this business, she has accomplished several projects to help her fatherless children. This new loan will serve to buy ten bags of shoes. In addition, she hopes to expand her business and to see her children obtain their university degrees. Finally, she acknowledges the Hekima initiative for supporting and helping women become independent, especially those without access to finances because of the current war in the eastern region of the Democratic Republic of Congo, where the economy is not stable.
La cliente Miderwa est une conseillère de l’association d’affaire « Grâce ». Entrepreneur, âgée de 42 ans et mère de 5 enfants qui tous étudient. La cliente est veuve. Elle est une vendeuse des souliers au marché public. Il y a 9 ans qu’elle exerce cette activité. Elle commença cette activité avec son fonds propre reçu de son époux, avant sa mort. Grâce à ce commerce, elle a réalisé plusieurs projets en faveur de ses enfants orphelins. Ce nouveau prêt lui servira d’acheter 10 sacs de souliers. En plus, elle souhaite voir ses enfants avoir des diplômes universitaires et accroitre son activité. Au finish, elle salue l’initiative Hekima pour son soutien et autonomisation des femmes non bancables surtout dans le contexte actuel de la guerre à l’Est de la République Démocratique du Congo où l’économie n’est pas stable.
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.