Mrs. Yongo is a member of the Muzusa credit association, she has eight children. Only five attend school. She is 35 years old and married to a man who does not have a profession. Seven years ago her brother gave her pecuniary aid which she used as working capital before joining Hekima. She requests a new loan to buy one sack of flour, 10 kg of sugar, one can of oil and other ingredients for the preparation of fritters. Her aim is to become a big storekeeper and she therefore thanks Hekima for helping businesswomen.
Madame Yongo, mère de 8 dont seulement 5 vont à l’école, est membre de l’association de crédit Muzusa. Agée de 35 ans, elle est mariée à un homme sans profession. Il ya 7 ans qu’elle avait reçu de son frère une aide qui avait constitué son fonds de déroulement avant de regagner Hekima. Elle sollicite un nouveau prêt pour acheter 1 sac de farine, 10kg de sucre, 1 bidon d’huile végétale et d’autres ingrédients pour la préparation des beignets. Elle a comme objectif de devenir une grande commerçante et ainsi elle remercie Hekima de soutenir les femmes entrepreneurs.
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.