Jam Bugum 3 Group
Having come together as a group, these five illiterate women used their first loan of 500 000 CFA to start a business raising cattle in their village. Two (2) other loans of 500 000 CFA allowed them to increase their production capacity. Each of the women are given one ox which she raises alone. The income drawn from this business serves to improve the daily meals and pay for the medical costs of their children.
Translated from French by Vilas Menon, Kiva Volunteer
Regroupées au sein d'un groupement ,ces cinq femmes analphabetes ont avec un premier pret de 500000f cfa demarré une activité d'embouche bovine dans leur village.Deux (2) autres successifs de 500.000f cfa leur ont permis d'augmenter leur capacité de production .Chacune d'elle bénéficie d'un boeuf qu'elle embouche seule.Les revenus tirés de l'activité servent à amelliorer les repas quotidiens payer les frais médicaux des enfants.
About UIMCECThis 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
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