Narou Kadior Kahone Group
The head of the group is called Khodia, and she is a married mother. She provides for her children's few needs, as well as supporting her husband with the daily household expenses. The group's members want to open a large production unit in their town - in other words, a dye workshop. This is why they have asked for financial support from a lender who is interested in this area.
Le groupe a comme responsable, la dame Khodia, qui est mariée et mère de famille. Elle gère les petits besoins de ses enfants et appui son époux dans la dépense quotidienne de la maison.
Elles souhaitent ouvrir une grande unité de production, voire une usine de teinture dans la localité. Elles sollicitent pour cela l’appui d’un bailleur de fond qui serait intéressé par ce domaine.
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
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.
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