Les Lingueres De Falokh Group
Through the loans obtained over the past two years from the UIMCEC organization, the women of this group are now shining examples. Each of them has organized her own retail business, where the residents of the area come to resupply themselves with basic need goods. With the income drawn from their businesses, they are able to pay for the medical and educational costs of their children and parents.
Translated from French by Vilas Menon, Kiva Volunteer
A travers les prets obtenus depuis deux (02) ans au prés de l U-IMCEC,les femmes de ce groupement sont aujourd'hui des exemples .chacune d 'entre elle a monté son propre commerce de détail ou les habitants du quartier viennent se ravitailler en produits de prmieres nécessites. Avec les revenus titrés de leurs activités elles s'assurent les frais médicaux et de scolarités de leursenfants et parents.
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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Success!! The loan was 100% repaid