The loan group Book Guis Guis groups together 5 people who live in the same district and are related. Their leader is a man called Amet who is 51 years old and the father of 3 children. He starts his workday at 7 o'clock in the morning and ends at 3 o'clock in the afternoon. Amet has been selling crockery for a long time now, and wants to strengthen his inventory with the loan money. It is the profits generated by his business that enable him to take care of his little family. He would like one day to be self-sufficient and no longer have to resort to loans.
L e groupe de crédit Book Guis Guis regroupe cinq personnes qui vivent dans le même quartier et ont des liens de parenté. Ils ont à leur tête un homme qui s’appelle Amet et est âgé de 51 ans, père de 3 enfants. Il commence sa journée à 7h pour la terminer à 15h. Monsieur Amet fait de la vente de vaisselles depuis longtemps maintenant et il souhaite renforcer son fond avec l’argent du crédit. C’est avec les bénéfices de son activité qu’il réussi à entretenir sa petite famille.
Il désire un jour, avoir son autonomie et ne plus recourir aux prêts.
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.