Sad 7 Group
Mamadou (with his hand raised in the photo) is the president of the group. He is married to two women, and has five children. He is the only person responsible for the day-to-day financial needs of his family. Mamadou is a farmer and grows vegetables, he has more than ten years' experience in his business.
Mamadou will use his loan to buy fertilizer and seed, such as carrots, cabbages, chillies and peanuts.
In the future, with the help of loans from the field partner, Mamadou would like to become a vegetable supplier to wholesalers.
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 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
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