The Association Dental 2 group is made up of five women who work in commerce. Their leader is Ndèye Codou who is wearing yellow and standing in the middle in the photo and who has been selling a variety of products for over five years. This is their third request for a loan to renew their stock. Mrs Ndèye Codou will use the profits that the business generates to help her husband with the household expenses. One day she would like to become an important retail trader.
Le groupe de crédit » Association Dental 2 » est composé de 5 femmes qui s’activent dans le commerce. Elles ont comme responsable, la dame Ndèye Codou habillée en jaune au milieu de sur la photo qui vend des produits divers depuis maintenant plus de 5 ans. Elles viennent pour la 3ème fois, solliciter un crédit pour renouveler leur stock. Madame Ndèye Codou, avec les bénéfices que génèrent l’activité, appui son mari dans les charges de la maison. Elle souhaite devenir une grande commerçante un jour.
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.