Association Coiffeuse Kl N° 2 Group
Adama, the group's leader, is married and has a family. She will buy hair extensions and weaves so that her customers will not longer have to go elsewhere to buy a product which they can find locally.
Adama contributes to the family's daily expenses. Her dream is to open a large studio where she could earn some money offering training courses for future hairdressers.
La présidente, madame Adama est marié et mère de famille. Elle va acheter des mèches et des greffages pour éviter à la clientèle d’aller acheter ailleurs le produit qui existe sur place. Elle appui dans la dépense quotidienne de la famille. Elle rêve d’ouvrir un grand local pour donner des cours de coiffure payant (formation en coiffure).
About UIMCECThis 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.
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