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Sad 5 Group
In this Group: Souleymane, Serigne , Isseu, Mbara , Serigne , Yacine , Maïmouna , Rokhaya, Marietou , Marietou
The EIG [Economic Interest Group] SAD 5 is made up of 10 persons who live in the same district and practice the same activity. The president is named Souleymane whose hand is raised on the photo. He works in market gardening and needs this loan to buy seeds and inputs. He is married and a father. He manages the family's daily expenses. He begins his day at 6 am to finish at 6 pm. In the future he would like to become the vegetable supplier for the whole village.
View original language description ↓
L e GIE SAD 5 est composé de 10 personnes qui habitent dans le même quartier et pratiquent la même activité. Le président s’appelle Souleymane qui a levé la main sur la photo. Il évolue dans la culture maraichère et a besoin de ce crédit pour acheter des semences et intrant ; marié et père de famille, il gère les charges des dépenses quotidiennes. Il commence sa journée à 6h du matin et la finir à 18h. Il souhaite à l’avenir devenir le fournisseur potentiel de légumes dans tout le village.

Additional Information

More information about this loan

To reach borrowers who would not normally qualify for loans, UIMCEC has developed partnerships with a number of local organizations created by the poor to promote savings and mutual support. Most members of these organizations take group loans from UIMCEC. Some group members have larger businesses requiring more capital, and therefore receive individual loans. To meet their needs, UIMCEC is offering this loan at a lower interest rate with no material guarantee requirement. By supporting this loan, you are helping poor borrowers access credit at  lower interest rates.

About UIMCEC

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.

Tags

About Senegal

  • $2,300
    Average annual income
  • 40
    View loans »
    Senegal Loans Fundraising
  • $13,521,325
    Funds lent in using Kiva
  • 476.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Sad 5 Group's $2,100 loan helped a member to buy seeds and inputs to practice market gardening.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Dec 2, 2013
Listed
Dec 11, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 27, 2014