Assane lives in a town near the capital of Senegal. He is the head of a mixed group consisting of four men and one woman who work in trade. Assane has been selling market-garden products for over 20 years.
Assane will use his loan to buy seeds (for cabbage, carrots, and potatoes) and fertilizer for the upcoming planting season in order to better meet customer demand. This investment will help to increase his income and allow him to handle the daily expenses of the household.
Assane habite dans une ville qui n'est pas loin de la capitale du Sénégal. Il est le chef d'un groupement mixte qui est constituer de 4 hommes et d'une femme d'ou leur activité principale est le commerce. L'activité de Assane qui est le commerce des produits de maraîchages. Il s'active dans ce secteur depuis plus de 20 ans. Avec ce crédit, il veut consolidé son activité en achetant des semences comme (du choux, des carottes, des pattâtes) et des engrais pour entamer une nouvelle production. Afin de mieux répondre aux besoins des clients. Avec cet investissement, il verra ses revenus augmenter. De ce fait , il pourra assurer les dépenses quotidiennes de la maison.
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.