Takku Liggey Kanda Fodé Bayo 2 is a solidarity group made up of five married women. The are able to create income that allows them to meet their own needs. The women are asking for a loan of 500,000 francs to increase their working capital by purchasing bags and fabric. Their goal is to obtain their supplies, in the future, in neighboring countries where prices are lower.
Le groupement Takku Liggey Kanda Fodé Bayo 2 est un groupe de solidarité composé de cinq femmes toutes mariées.Elles mènent des activités de commerce de tissus, de tissu teints, de chaussures pour femmes et d'autres articles de beauté. Il parviennent à générer des revenus qui leur permettent de subvenir à leurs propres besoins. Elles sollicitent un pret de 500000f pour renforcer leur fonds de commerce en achetant des sacs et des tissus. Elles ambitionnent de s'approvisionner plus tard dans les pays environnants ou les prix sont plus abordables.
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.