This group runs a tourist camp in the Santhiaba neighborhood of Ziguinchor. It is a welcoming setting with a receptive staff. They are requesting this loan in order to open a fast-food restaurant so that customers will not have to go elsewhere to eat. These are very enterprising young people who have chosen to make their fortune locally.
Ce groupe exploite un campement touristique au quartier Santhiaba de Ziguinchor. 'cest un cadre accueillant avec un personnel disponible. Ils sollicitent ce prêt pour ouvrir un fast-food afin d'éviter aux clients d'aller chercher à se restaurer à l'extérieur. Ce sont des jeunes trés entreprenants et qui ont choisi de faire fortune sur place.
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.
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.