Sad 10 Group
Modou (with his hand raised in the photo) is the group's president. He is married and has children. He is a farmer and grows vegetables. His working day starts at six in the morning and finishes at seven in the evening.
Modou will use his loan to buy seed and fertilizer to extend his area of cultivation. He is responsible for the day-to-day expenses of his family.
In the future, Modou would like to become a vegetable supplier for the market stallholders. In this way, he would increase his income and improve the living conditions of his family.
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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Success!! The loan was 100% repaid