Takku Liguey Group
The group's president, named Fatou, is 41 years old. She's the woman raising her hand in the photograph. She's a cultivator and she helps her husband cover daily expenses and her children's school expenses.
She's seeking a loan of XOF 100'000 to buy seeds and fertilizers for her farming business. She leaves her home at 8 in the morning, and comes back at 8 in the evening.
In the future, she would like to have a booth in the market, where she could sell her crops. Thus, she will be able to increase her income, improve the standard of living of her family, and put some money away.
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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