Diapando 3 Ndayane Group
Fatou is the group president. She buys palm oil, groundnut paste and also bedsheets for resale. This has been her activity for several years, and she works all day long.
Thanks to the credit loan, she can now save. Given the generated profits she can also support her husband with household expenses, because she is married and a mother.
Fatou dreams of producing fruits and vegetables in the future.
Grâce au crédit, elle peut désormais épargner et vu les bénéfices générés elle peut appuyer son époux dans les charges de la maison car elle est mariée et mère de famille.
Madame Fatou rêve d’avoir une unité de production de fruits et légumes dans l’avenir.
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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