The "MBOOTU DIAM" group is made up of five married women. They sell food products and salt and the income from this trade enables them to meet their personal needs as well as participating in their families’ food expenditure .Their group is a member of a large “mbotaay" (solidarity group) which brings together 50 women in their neighbourhood. The women benefit from this " mbotaay" in the form of a subsidy each Sunday as well as a revolving credit organised at the beginning of each month. ” MBOOTU DIAM" is led by a woman whose principal activity is the commerce of salt. She has a plot of land in the lagoon which surrounds the town. She collects the salt, treats it, and then sells it to the retail shopkeepers. Her ambition is to build a shop at the market for the storage and sale of her product. The group requests a loan of 250000F from the UIMCEC for the purchase of salt, peanut butter, and palm oil.
Le groupe "MBOOTU DIAM" est composé de cinq femmes mariées.Elles vendent des produits alimentaires et du sel et les revenus de ce commerce leur permettent de satisfaire leurs besoins personnels tout en participant aux dépenses d'alimentation de leurs familles.Leur groupe est membre d'un grand " mbotaay" (groupe de solidarité)qui regroupe 50 femmes de leur localité.Les femmes bénéficie de ce "mbotaay" d'une subvention chaque dimanche en plus d'un crédit revolving organisé en début de chaque mois."MBOOTU DIAM" est est dirigé par une femme dont l'activité principale est le commerce de sel.Elle dispose d'un lopin de terre dans la lagune qui ceinture la ville.Elle récolte le sel, le traite avant de le vendre aux boutiquiers détaillants.Son ambition est de construire un magasin un magasin au marché pour stocker et revendre son produit.Le groupe sollicite auprès de l'UIMCEC un prêt de 250000F pour acheter du sel, de la patte d'arachide et de l'huile de palm.
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.