The group Khekh Niakk 3 is composed of five women who live in the Diakhao district. They have been sewing clothes for a long time. They are requesting this loan to bolster their capital to address customer demand associated with the Korité and Tabaski holidays.
le groupe khekh niakk3 est composé de cinq femmes qui habitent au quartier Diakhao. elles font de la couture depuis longtemps. elles sollicitent ce pret pour le renforcement de leur capital pour faire face à la demande de la clientèle en vue des fetes de Korité et Tabaski.
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.