The And Joubo de Birbirane group is made up of 5 women who have formed a group so that they can benefit from credit. They are all retailers and have been for a long time. Khady, who sells kitchen utensils, is a courageous woman who started her business in 2006. She conducts her business by selling on credit and dropping by on a daily basis to get the money due. She takes care of her children's education and contributes to the daily expenses with the profits generated by her business. She would like to diversify her business and sell monkey bread, groundnuts and cereals.`
And Joubo de Birbirane est composé de cinq femmes qui se sont associées en groupe pour pouvoir bénéficier de crédit. Elles s’activent toute dans le commerce et cela depuis longtemps.
Madame Khady qui fait de la vente d’ustensiles de cuisine, est une brave femme qui a démarré l’activité depuis 2006. Elle procède ainsi : elle donne la marchandise à crédit et elle passe journalière ment pour récupérer l’argent. Avec les bénéfices de son activité, elle règle la scolarité de ces enfants et participe à la dépense quotidienne. Elle veut diversifier son activité en vendant du pain de singe, des arachides et des céréales.
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.