The "Al Ouma Tivaouane Diacksao groupe 1" unites 11 women who all belong to the same association. They all earn money as retailers, which allows them to generate incomes to meet some of their family's needs. They live in the same district and are represented by Bousso, who has raised her hand in the picture. She is married and has been in retail for over 12 years. She sells local products, dried fish and fabrics in the village where she lives. She is requesting a loan in order to raise her working capital and buy some fabrics and local products that she sells so that she can better develop her business. Her workday starts at 8am and ends at 1pm. Her aim is to expand her retail market so that she can one day become a wholesaler.
AL OUMA TIVAOUANE DIACKSAO GROUPE 1 regroupe 11 femmes qui adhèrent toutes dans la meme association. Elles exercent des activités génératrices de revenus dans le secteur du commerce, ce qui leurs permet de se procurer des revenus et de subvenir a une partie de leurs besoins familiaux. Elles habitent le meme quartier et sont représentées par madame Mame Bousso qui a levé la main sur la photo. Elle est mariée et s’adonne au commerce depuis plus de 12 ans. Elle pratique la vente de produits locaux, de poissons séchés et de tissus dans la localité ou elle habite. Elle sollicite un crédit dans le but d’augmenter son fond de roulement et d’acheter des tissus et produits locaux qu’elle commercialise afin de mieux développer son activité de commerce. Sa journée de travail démarre à 8 heures et se termine à 13 heures. Son objectif est de d’élargir son marché de commerce pour devenir dans le futur une commerçante grossiste.
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.