Afde Group No. 1
This is the second loan for AFDE Group No. 1 to be financed through Kiva. Ms. Mame Diarra M., 49, is the president of the AFDE, as well as the sub-group AFDE No. 1. She sells second-hand clothing in the loumas (weekly markets) around Thies. As president of the association, she does not have much time to make it to the markets these days, but has a family member take her place. She is married and has eight children.
Ms. D., 53, is an experienced tailor. She has been in the business for over 30 years since receiving her professional diploma. As a secondary activity, she sells palm oil, peanut paste and coffee. She says tailoring is her passion, but she must supplement her income for her family of ten.
Each group member will use their 100,000 FCFA to bolster their small commerce. Ms. Kairé and Ms. Sané sell fresh vegetables. Ms. D. sews pillowcases which she then sells.
About UIMCECThis loan is administered by UIMCEC, a Kiva Field Partner in Senegal since 2008. UIMCEC is a government-regulated microfinance institution whose mission is to improve the revenue and well-being of families through access to financial services, allowing principally women and young adult micro-entrepreneurs living in rural and semi-rural areas to develop their revenue-generating businesses and supporting them in becoming financially self-sufficient.
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.
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