The Diappo I group has 5 members, 4 women and 1 man (the group leader), who all live in the same district. The group leader is called Magueye and has his hand raised in the picture. He has been running a livestock business for over 5 years. Magueye needs this loan in order to buy some sheep, fatten them and then resell them at the local market. He is married and a father. He starts his workday at 8am and finishes at 8pm. In the future, he would like to start a farm in order to diversify his livestock and increase his income, and therefore his family's living conditions.
Le groupement DIAPPO I est constitué de 5 membres qui habitent le même quartier dont 4 femmes et un homme qui est le président. Il s’appelle Magueye, on le reconnait sur la photo par sa main qu’il a levée. Il évolue dans le commerce de bétail et a une expérience de plus de 5ans dans son activité. Magueye a besoin de ce montant pour acheter des moutons les engraisser et ensuite les revendre sur la marché local .Il est marié et père de famille, il commence sa journée à 8h pour la terminer à 20h. Il souhait à l’avenir ouvrir une ferme afin de pouvoir diversifier son cheptel et augmenter ses revenus ainsi il pourra dit-il améliorer les conditions de vie de sa famille.
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.