The "Bokk diome de gawane" group has five members, all of whom are married women. They all work selling household products and cosmetics, and buy their merchandise wholesale before dividing it out based on the contribution made by each of them.
The sale of these goods allows the women to provide for themselves and their respective families. The head of the group (pictured to the front with her hand raised and smiling in the photo) is a mother to four children. She sells her cosmetic products from home and on a credit basis, and collects the money one month later.
In order to increase their working capital, the group has requested a loan of 500,000 francs to buy beauty lotions and perfumes.
Le groupement "Bokk diome de gawane" se compose de cinq femmes mariées.Elles exercent toutes un commerce de produits ménagers et cosmétiques.Elles achètent en gros et se partagent les marchandises en fonction de l'apport de chacune d'elles. La vente de ces marchandises leur permet de subvenir à leurs propres besoins et à ceux de leurs familles respectives.Le chef du groupe ( devant, doigt pointé avec le sourire sur la photo), est mère de quatre enfants.Elle place des produits cosmétiques à domicile et à crédit.Elle récupère son argent un mois après.
Afin de renforcer leur fonds de commerce, le groupe sollicite un pret de 500 000 f pour acheter du lait de beauté, des des parfums.
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.