The "Sope Sérigne Fallou" group is made up of 5 married women. All residents of the same district, these women have joined together to support each other in their business activities. They are all mainly involved in buying and selling grocery products. They opened an account with l’UIMCEC and have begun saving. The leader of the group, (who is pointing her finger) is a mother of three children, two of whom are students. She sells agricultural products at retail at the market. She gets her products in neighboring villages. With the income she makes from her sales, she is able to meet her own needs and to help her husband with family expenses. In order to increase their working capital, the members of the group are requesting a loan of 250,000F to buy agricultural products and various goods. Their goal is to strengthen their businesses.
Le groupe "Sope Sérigne Fallou" se compose de 5 femmes toutes mariées.Habitantes d'un même quartier, ces femmes se sont réunies pour s'appuyer mutuellement dans leurs activités commerciales.En effet, elles exercent toutes dans le petit commerce de produits alimentaires, principalement.Elles ont ouvert un compte à l'UIMCEC et ont commencé à épargner.Le chef du groupe ( qui a le doigt pointé) est mère de trois enfants dont deux sont des élèves;Elle vend des produits agricoles en détail au marché après s'être approvisionnée dans les villages environnants de sa localité.Avec les revenus tirés de son commerce, elle règle ses propres besoins et appuie en même temps son mari dans les dépenses d'entretien de la famille.Pour renforcer leurs fonds de commerce, les membres du groupe sollicitent un prêt de 250000f pour acheter des produits agricoles et des denrées diverses.Leur ambition est de renforcer leur activité.
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.