Our client Christine is a vendor belonging to the « Elong B » group, of which she is the treasurer. She is a 50-year old entrepreneur, married and the mother of 10 children, six of whom are in school and four are still little. She sells various food products. She displays her products in food center in the city. [She] has launched her business with the funds received from her husband, a taxi driver. Later on, [she] received a loan from IMF Hekima. She has been in this business for 10 years. This new loan will allow her to stock up merchandise, such as 100 boxes of juice, biscuits, pasta, etc. She would like to bolster her capital, build a house, and provide for schooling, clothing and food expenses for her children. Finally, she sincerely thanks Hekima for allowing male and female entrepreneurs excluded from the traditional banking system to become autonomous, especially at this difficult time following armed conflicts in the east of the country.
La cliente Christine est une commerçante, trésorière et membre du groupe d’affaires « Elonga B », entrepreneur, âgée de 50 ans, mariée et mère 10 enfants, dont 6 à l'école et 4 autres sont encore gosses. Elle est une vendeuse des divers produits d’alimentation. Il étale sa marchandise dans une maison d’alimentation de la ville. Il commença ses affaires avec le fonds reçu de son mari. Son conjoint est un Chauffeur taximan. Plus tard, il bénéficia le prêt de l’IMF Hekima. Il y a 10 ans qu’il exerce cette activité. Ce nouveau prêt va la servir d’acheter un lot de marchandises entre autres : 100 cartons de Jus, biscuits, macaroni, ect. Ainsi, il souhaite accroitre son capital, construire une maison, scolariser, vêtir, et nourrir ses enfants. En définitif, il remercie fortement Hekima pour l’autonomisation des hommes et femmes entrepreneurs non bancables, surtout; pendant ce moment critique, post conflits à l’Est du pays.
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.