Bénédiction A Group
Sikujuwa is a retailer, a member of the «Bénédiction A» community bank, and a client of the microfinance institution Hekima. She is 40, married, and the mother of ten children, five of whom go to school while the other five don’t.
She started her own business with a capital received from her husband. She has now been selling small fish (minnows) at a local market, for seven years. She will use her loan to buy 50 kilos of small fish. Her goals are to build a house, feed her children, and pay their school fees.
She thanks Hekima for their support to entrepreneurs excluded from the traditional banking system…
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.