The Mbotaye group is a group promoting women which is made up of 7 women who all live in the same district. They sells various products including food. Their leader is called Aïssatou. She is married and a mother and sells food products like rice, sugar, oil, and soap. She has 3 years worth of experience with this business and supports her husband with the daily expenses and their children's education expenses. She starts her workday at 8 am and finishes at 6 pm. Aïssatou is the one in the picture who is not carrying a child on her back. She would like to own some grocery shops and to increase her income so that she can improve her family's living conditions.
Le groupement Mbotaye est un groupement de promotion féminin qui regroupe 7 femmes qui habitent toutes dans le même quartier. Elles évoluent dans le commerce de produit divers et denrées alimentaires. Leur présidente s’appelle Aïssatou, elle est mariée et mère de famille qui s’active dans la commercialisation des denrées alimentaires comme le riz, le sucre, l’huile et le savon. Elle a 3ans d’expérience et aide son mari dans la gestion des dépenses quotidiennes et les frais de scolarité de ses enfants. Elle commence sa journée à 8h pour la finir à 18h. Aïssatou est celle qui n’a pas porté d’enfant sur son dos sur la photo. Elle souhaite avoir des boutiques de denrées alimentaires et augmenter ses revenus afin de pouvoir améliorer les conditions de vie de sa famille.
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.
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.