The loan group Book Diom 31 groups together 6 people; 2 men and 4 women. They have all been retailers for a long time. The group's leader, Tola, is married and a mother and has built up 25 years of experience. She sells various items including clothing, charcoal and firewood, and any other item likely to make a profit. She works from 7 o'clock in the morning to 6 o'clock in the evening. Thanks to this loan, she will be able to diversify her products and services and also put some money into savings. Tola dreams of becoming a large retailer.
Le groupe de crédit Book Diom 31 regroupe 6 personnes dont 2 hommes et 4 femmes. Ils s’activent tous dans le commerce et cela depuis longtemps. La responsable du groupe, la dame Tola, mariée et mère de famille, a acquis une expérience de 25 ans. Elle évolue dans la vente de divers : habits, charbon, bois de chauffe… et tout autre produit dont la vente est susceptible de généré un bénéfice. Elle travaille de 7h à 18h du soir. Grace au crédit, elle pourra diversifier ses produits et services mais aussi mettre un peu d’argent de coté. Tola rêve de devenir une grande commerçante.
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.