The loan group Diapando, which means "to hold together" in the country's national language, groups together four women who live in the same town and are all in business. The leader, the woman Amy who has her hand raised, is married and mother to a 28 year old boy, and is active in the sale of ice cream. She sells off her product between 7am and 11am in the morning. The loan will thus allow her to buy sugar in large quantities, baobab fruit, and ingredients that go into the preparation of ice cream. She sells off her products between 7am and 11am; it must be noted that this does not drag on and that her business is doing marvelously since also with the heat the children adore this and the adults like it too. Amy would like to open a canteen in her house.
Le groupe de crédit « DIAPANDO » qui signifie en langue nationale du pays : « Tenir ensemble », regroupe quatre femmes qui habitent dans le même village et font toute du commerce.
La responsable, la dame Amy qui a levé la main, mariée et mère d’un garçon de 28 ans, s’active dans le commerce de crème glace. Elle écoule son produit entre 7h et 11h du matin. Le crédit lui permettra donc d’acheter du sucre en quantité, du pain de singe, et des ingrédients qui entrent dans la préparation de la crème glace. Elle écoule son produit entre 7h et 11h ; il faut noter que cela ne traine pas et que l’activité marche à merveille car avec la chaleur aussi, les enfants raffolent de cela et les adultes aussi aiment.
Amy aimerait ouvrir une cantine dans la maison.
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.