Group "Lingère de FALOKH" is composed of five women, all married. They run retail businesses for food products such as fruits, vegetables, and other grocery items. They purchase wholesale and split products between them. This trade allows them to support themselves and their children, notably to pay for school expenses.
The group leader (wearing blue, to the right) is a mother of five children, three of whom attend school. She sells oranges, mangoes and vegetables on a table set in front of her house. She helps her husband a lot with food expenses.
To increase their working capital, the group is requesting a 990,000 XOF loan with which they will purchase fruits, vegetables, millet, and groundnut butter. The group’s ambition is to extend their business to other, more profitable products.
Le groupement "Lingère de FALOKH" est constitué de 5 femmes qui sont toutes mariées.Elles s'activent dans un commerce de produits alimentaires comme les fruits, les légumes ainsi que des denrées de consommation courante. Elles achètent en gros et se partagent les produits. Ce commerce leur permet de prendre en charge leurs besoins ainsi que ceux de leurs enfants notamment leurs frais de scolarité.Le chef du groupe (en bleu , à droite) est mère de cinq enfants dont les 3 vont à l'école. Elle vend des oranges, des mangues et des légumes sur une table installée devant sa maison. Elle appui fortement son mari dans les dépenses alimentaires. Afin de renforcer leurs fonds de commerce, le groupe sollicite un prêt de 990000f pour acheter des fruits, des légumes, du mil et de la patte d'arachide.L'ambition du groupement est d'élargir leur commerce à d'autres produits plus rentables.
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.