Bokk Jom 2 is a group of 5 women from the town of Bambilor. The group is headed buy Gnagna S., the woman dressed in blue in the photo. They all started running businesses in order to support their husbands. That’s why, for over 10 years, they have sold various items, like vegetables, clothes, etc. They have been members of the communal bank since July 2010. The group is requesting a 500,000 XOF loan to buy products to build up their stock. The profits generated by their businesses help them to cover some personal expenses and to participate in managing day-to-day family expenses.
Bokk jomm 2 est un groupe de 5 femmes issues de la même localité de Bambilor. Il est dirigé par madame Gnagna S.. Madame Gnagna S. est la dame qui est vêtue en bleu sur la photo de groupe. C’est dans le but de soutenir leurs maris quelles ont optées pour l’activité de commerce. Par conséquent elles évoluent depuis plus de 10 ans dans l’achat et la vente de marchandises diverses telles que légumes, vêtements etc. Elles sont membres de la caisse depuis juillet 2010.Le groupe sollicite un prêt de 500 000 f qui sera destiné a l’achat de produits pour renforcer leur stock. L’accroissement des bénéfices que leur génère leur activité les aide à satisfaire leur quelques besoins personnels et à participer a la gestion de la dépense quotidienne dans leurs familles respectives.
This 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.