The group called "DEGGO JOUBALE" is composed of women from the same district. Their president, Ms. Sophie, is the one in the photo with her hand raised. She is a married mother. She works in commerce selling porridges, such as Ngalakh and Thiakry, which are made with peanut butter, millet, milk, and sugar. Sophie has five years of experience in this business. She is requesting this loan to purchase these supplies which go into making delicious porridges. For the future, she would like to open a store to sell her products quickly.
Le groupement s’appelle DEGGO JOUBALE qui regroupe des femmes du même quartier. Leur présidente Madame Sophie est celle qui a levé la main dans la photo. Elle est marié et mère de famille. Elle évolue dans le commerce des bouillies comme le Ngalakh et le Thiakry préparées à base de pate d’arachide, du mil, du lait et du sucre. Sophie a une expérience de 5ans dans cette activité. Elle sollicite ce crédit pour acheter ces produits alimentaires qui entrent dans la préparation succulente des bouillies. A l’avenir elle souhaite ouvrir une boutique pour pouvoir écouler rapidement ses produits alimentaires.
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.