The "GPF Darou Mougnaguene" group is made up of 19 women. They cultivate a collective field of millet and groundnut, and the sale of their crop brings them a fairly consistent income. They use this income to provide for their own needs as well as those of their families. The leader of the group (on the extreme left of the photo in a black boubou) is mother to four children. She has a small grocery business which enables her to boost her income from the collective field. In order to increase their crop, the members of the GPF group are requesting a loan of 990,000 francs to buy seeds and fertilizers. Their ambition is to launch themselves into processing their agricultural produce.
Le groupement "Gpf darou mougnaguene" se compose de dix neuf femmes.Elles exploitent un champs collectif de mil et d'arachide dont la vente de la production leur rapporte des revenus assez consistants.Elles utilisent ces revenus pour prendre en charge leur propre bénéfices ainsi que ceux de leur famille.Le chef du groupement( à l'extrême gauche, en boubou noir) est mère de quatre enfants.Elle exerce un petit commerce de denrées alimentaire qui lui permet de renforcer ses revenus tirés du champs collectif des femmes.Afin d'augmenter leur production, les membres du GPF sollicitent un pret de 990000f pour acheter des semences et des engrais. Elles ambitionnent de se lancer dans la transformation des produits agricoles.
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.