Takku Liguey 2 Kahone Group is made up of five women, who are all married. Every month, they club together and give the money to one of them, determined by drawing of lots, in order to support her with her business.
Their businesses consist in selling fabrics and notions. They get their supplies from a neighboring country, and sells their products at home and on credit.
The income drawn from their businesses enables them to provide for themselves, and help their husbands with the daily expenses of their respective families.
The leader of the group, wearing a dark dress in the photograph, is the mother of three children. For almost three years, she's been selling "wax" and "ganila" fabrics.
With her profits, she takes care of the healthcare and school expenses of her two daughters, who attend elementary school.
In order to bolster their working capital, the members of the group are seeking a loan of XOF 500'000 from Kiva's partner, UIMCEC, in order to purchase fabrics and notions.
Le groupe "Takku Liguey 2 Kahone" est un groupe de solidarité qui se compose de cinq femmes, toutes mariées.Elles se cotisent chaque mois et remettent le montant à l'une d'elle après tirage au sort , pour la soutenir dans ses activités. Elles mènent un commerce de tissus et de produits de mercerie.Elles s'approvisionnent dans un pays limitrophe et vendent les produits à domicile et à crédit. Les revenus générés par leur commerce leur permettent de se prendre en charge et de soutenir leurs maris dans les dépenses d'entretien de leurs familles respectives.Le chef du groupe( en robe noir), est mère de trois enfants. Elle vend des tissus "wax" et "ganila" depusi près de trois ans. Elle prend en charge avec ses bénéfices les frais de scolarité ainsi que les dépenses de santé de ses deux filles qui sont à l'école primaire. Le groupe, pour renforcer son fonds de commerce, sollicite auprès de l'UIMCEC, un pret de 500000f afin d'acheter des tissus et des produits de mercerie.
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.