The Djiguène Bakhna 59 loan group is made up of 5 women who live in the same village. The village is located around 22 kilometres from the main town. Magatte Fara is the group leader. She is married and a mother; indeed, in the photo, she is carrying her youngest child on her back, who is 2 years old. She has been selling beauty products for 10 years. She starts her workday at 8 o'clock in the morning and finishes work at 8 o'clock at night, as she owns a small stall near her home. She supports her husband with the household expenses and would one day like to diversify her business.
Le groupe de crédit Djiguène Bakhna 59 se compose de 5 femmes qui vivent dans le même village ; ce dernier situé à environ 22 km de la ville principale.
Madame Magatte Fara est la responsable du groupe, elle est mariée et mère de famille, d’ailleurs sur la photo on la voit porter sur le dos son dernier enfant âgé de 2 ans. Elle s’active dans la vente de produits cosmétiques depuis 10 ans. Elle commence sa journée à 8h pour finir à 20h du soir car elle possède une petite cantine prés de chez elle. Elle appui son mari dans les charges de la maison et aimerait diversifier son activité dans l’avenir.
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.