ASC Diamo is a cultural and sports association, within which there is a football team. This year the ASC decided to farm a collective field for its member/shareholders. Each member has his own plot of land which he farms. This activity allows them to provide for their needs as well as those of their respective families. The man in charge of the team (dressed in smart clothes) is a married man. He takes care of his wife and three children, in particular providing for their food, school fees and health costs. The ASC is requesting a loan of 1,278,400 francs to buy seeds and fertilizers. Their ambition is to expand their activity.
L'ASC DIAMO est une association culturelle et sportive qui a en son sein une équipe de football.Cette année, l'ASC a décidé de cultiver un champs collectif pour ses socétaires.Chaque membre a son lopin de terre qu'il exploite.Cette activité leur permet de subvenir à leurs besoins mais aussi aux besoins de leurs familles respectivees.Le responsable de l'équipe (en tenue de ville) est un homme marié.Il a en charge son épouse et ses trois enfants notamment leur nourriture, leurs frais de scolarité et de santé.L'ASC sollicite un pret de 1 278 400 f pour acheter des semences et des engrais.Leur ambition est d'élargir l'activité.
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.