Niakh Diarignou Group
The head of the group (who is holding the dyed cloth) has a shop in front of her home and she also dyes fabric. She is the mother of four children and lives together with her husband.
The group is asking for a loan of 250,000 francs to buy sacks of vegetables, packages of soap, packages of perfumes, and "thioub" (localL. dyed) cloth. The leader of the group would like to travel to the famous sub-regional market of Diaobé, situated in the east of the country, so that she can diversify her products.
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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Success!! The loan was 100% repaid