Adama is the president of the Book Ndeye Group, which includes five women who all live in the same district and who meet whenever necessary. She is shown in the photo with her hand raised. Adama is 55 years old, married and the mother of five children.
She is a merchant of diverse products, and she needs this loan to purchase the food supplies to make local juices, monkey bread, sugar, millet, brooms, and peanut paste. She has no specific dependents, and has had ten years of experience in this business. Adama begins her work day at 8:00 am and finishes at 6:00 pm. In the future she wants to expand her business, and increase her income so that she will no longer need to rely on group loans.
Madame Adama est la présidente du groupement Book Ndèye qui regroupe cinq femmes habitant toutes le même quartier et se réunissent à chaque fois que c’est nécessaire. C’est elle qui a levé la main dans la photo. Adama est âgée de 55ans, elle est mariée et mère de 5 enfants. Elle évolue dans le commerce de différents produits , elle a besoin de ce prêt pour acheter des produits alimentaires qui entrent dans la préparation des jus locales comme le pain de singe, le sucre, le mil, les balais, et la pate d’arachide. Elle n’a aucunes charges spécifiques, elle a une expérience de 10ans dans cette activité. Adama commence sa journée à 08h pour la terminer à 20h. A l’avenir elle veut développer son activité, augmenter ses revenus pour ne plus dépendre des crédits des mutuelles.
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.