Diapando 6 Popenguine Group
The group president is lady Fatou, whose activity is the processing of fruit and vegetables and the sales of fabrics. She has a good knowledge of her business area because of her numerous years of experience. She is active throughout the day.
Fatou is married and takes part in managing her family's daily expenses. Note that the credit loan will have an impact on her working capital that will increase.
Her wish is to run a shop so she can manage her business locally.
Il faut noter que le crédit va impacter sur son fond de roulement qu’il va augmenter.
Son désir serait d’avoir une cantine pour gérer son activité sur place.
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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