Bokk Ligguey Group
The group is directed by Ms. Fatou, who has over five years of experience. She sells sugar, cloth, and incense. With the profits acquired, she covers day-to-day family expenses to improve the food situation. With a much more stable and substantial capital fund, she has the ambition of opening a store for fabrics purchased from Dubai.
L e groupe est dirigé par la dame Fatou qui a une expérience de plus de 5 ans et qui vend du sucre, des tissus, de l’encens. Avec les bénéfices acquis, elle appui à la dépense quotidienne de la famille, afin d’améliorer les conditions alimentaires de cette dernière.
Avec un fond beaucoup plus stable et consistant, elle ambitionne d’ouvrir un magasin de tissus acheté de Doubaï.
About UIMCECThis 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.
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