Ndamba (wearing white) is the group leader. She is the mother of three children. One of the children goes to elementary school. Like the other women, she sells food products.
In order to enhance their businesses, they request a loan of 700,000F to purchase bags of millet, beans, and groundnut.
Le chef de groupe( en blanc) se nomme Ndamba, elle est mère de trois enfants dont l'un fréquente l'école primaire.Elle exerce la même activité de commerce de denrées alimentaires que les autres femmes.
Afin de renforcer leur fonds de commerce, elles sollicitent un pret de 700 000f pour acheter des sacs de mil, de haricots et d'arachide.
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
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.
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Success!! The loan was 100% repaid