The 'Takku Liggey Jeubeut Garab' loan group consists of one woman and four men who all live in the same village. The group is led by Oulèye who works in agriculture. More exactly, she is a market gardener. She has been in this business for 15 years. Oulèye is married and a mother. She is requesting a loan for 800,000 CFA to buy potato seeds, onion seeds, fertilizers and manure for her agricultural business. Oulèye helps cover her family's daily expenses. With this loan, she will be able to start saving so that she can better meet her children's needs. She hopes, with an increase in capital, to be able to start working in other areas.
Le groupe de crédit Takku Liggey Jeubeut Garab regroupe 1 femme et 4 hommes qui logent dans le même village. Il est dirigé par madame Oulèye qui s’active dans l’agriculture, plus précisément le maraichage depuis plus de 15 ans maintenant. Elle est mariée et mère de famille. Elle sollicite un crédit de 800000F CFA pour l’achat de semences de pomme de terre, oignons et l’achat d’engrais et de fumier pour son exploitation culturale. Oulèye participe à la dépense quotidienne de la famille. Avec le crédit reçu, elle pourra désormais épargner afin de mieux subvenir aux besoins de ses enfants. Elle souhaite avec une augmentation de capital, exploiter d’autres périmètres.
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.