This is a coed group of 10 people who belong to the same association and who work at individual revenue-generating businesses. They are represented by Aminata (raising her hand in the photo), who is a very active married woman. She has been developing her fish and seafood wholesale business for over 30 years. Aminata's business consists of visiting various beaches in Senegal and financing fishermen who then give Aminata the exclusive right to purchase the fish they bring back from the sea.
Aminata is the wage earner for her family who is responsible for all the daily expenses and schooling costs. She devotes herself to her daily business, leaving at 7 o'clock in the morning and working until 10 o'clock in the evening. She is requesting a loan to increase the investment ability with her business. The loan will allow her to stock up on more fish and to make her business more profitable.
Aminata's goal is to increase the number of her employees to 6 people, increase her profit and improve her family's living conditions, and to save money with the goal of being able to one day purchase a home for herself.
C'est un groupement mixte de 10 personnes qui adhèrent dans la meme association et exercent des activités génératrices de revenus séparées. Ils sont représentés par madame Aminata (personne qui a levé sa main sur la photo)c’est une femme mariée très active qui évolue depuis plus de 30 ans dans le domaine du mareyage et du commerce de poissons. Son activité consiste à fréquenter plusieurs plages du territoire sénégalais, a pré financer des pêcheurs qui lui procurent les poissons qu’ils ramènent de mer pour lesquels elle aura l’exclusivité de l’achat. C’est une femme soutien de famille qui supporte les charges de dépense quotidiennes et les frais de scolarité de sa famille. Elle s’adonne à son activité journalière ment a partir de 7 heures jusqu'à 22 heures le soir. Elle sollicite un crédit prévu pour le renforcement de son fond de roulement. Ce financement lui permettra de s’approvisionner d’avantage en poissons et de mieux rentabiliser son activité de commerce. Son objectif est élargir le nombre de ses employés a 6 personnes, d’accroitre ses revenus et améliorer les conditions de vie de sa famille, épargner de l’argent afin de pouvoir acquérir dans le futur une maison qui lui sera personnelle.
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.