They are five women who meet every day and adopted the name "Book Yeugue" for their group. They live in the same neighborhood and all have businesses. Mrs. Farma is the president of the group. She is 51-years old and she sells various products. She has over five years of experience. She is married and mother of seven children. This is her first loan request; it will enable her to strengthen her business selling dyed "Thioub" fabric and improve the dietary condition of her family. With this loan, she plans to strengthen and diversify her products. Farma starts her day at 8 am and ends at 6 pm. She wishes to grow her business to the point where she no longer needs loans.
Elles sont cinq à s’être réunis chaque jour en groupe et donnent le nom de BOOK YEUGUE à leur groupement. Elles logent le même quartier et font toute du commerce. Madame Farma est la présidente du groupe, agée de 51 ans et elle évolue dans la vente de produits divers. Elle a une expérience de plus de 5 ans. Elle est mariée et mère de 7 enfants. Elle en est à sa première expérience de crédit et cela lui permettra de renforcer son commerce de tissus teints (Thioub) et de pouvoir améliorer les conditions alimentaires de sa famille. Avec ce crédit elle compte renforcer et diversifier ses produits. Farma commence sa journée à 8h et la termine à 18h. Elle souhaite développer son activité à tel enseigne qu’elle n’aura plus besoin de crédit.
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.