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Bole Khole Group
In this Group: Adama , Bassine , Diabou , Mada , Aïda , Coumba , Fama , Mada , Awa, Khardiata
Bole Khole is a women's group comprised of 10 people who live in the same neighborhood. Together, they have a savings group that they organize at the end of each month. This is their first loan, and the group's president is Madame Adama who has her hand raised in the photo.

She is married and a mother. She is 33 years old, and helps her husband with the daily expenses as well as her children's schooling fees. She has more than five years' experience in farming and market gardening. She is asking for a loan for this amount to buy seeds and farm inputs to grow okra, onion, etc.

In the future, she would like to have more land to farm, so that she can increase her revenue and diversify her crops. She would like to live in comfort and improve her family's life conditions.
View original language description ↓
BOLE KHOLE est un groupement de femmes qui est composé de 10 personnes habitant toutes dans le même quartier et organisent ensemble des tontines tous les fins de mois. Elles sont à leur 1er prêt et ont comme présidente Madame Adama. On le reconnait sur la photo par la main levée. Elle est mariée et mère de famille. Agée de 33 ans, elle aide son mari dans la gestion des dépenses quotidiennes et les frais de scolarité de ses enfants. Elle a une expérience de plus de 5 ans et évolue dans l’agriculture et le maraîchage. Elle demande ce montant pour acheter des semences, et intrants pour cultiver le gombo, l’oignon etc.…… A l’avenir, elle souhaite avoir plus de terres à cultiver pour pouvoir augmenter ses revenus et diversifier ses cultures. Ainsi elle pourra vivre dans le confort et améliorer les conditions de vie de sa famille.

Additional Information

More information about this loan

This loan is part of UIMCEC's efforts to serve farmers' needs. UIMCEC has modified loan conditions to allow for seasonal disbursements and bullet repayments at the end of the loan term. UIMCEC is also offering agricultural insurance to repay the loan in the event of crop failure, and has partnered with USAID and some local NGOs to provide technical assistance to borrowers. By supporting this loan, you are helping underserved farmers in rural areas access financial services to smooth incomes, increase yields, and better their lives.

About UIMCEC

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.

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About Senegal

  • $1,759
    Average annual income
  • 36
    View loans »
    Senegal Loans Fundraising
  • $13,284,725
    Funds lent in using Kiva
  • 480.1
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Bole Khole Group's $1,050 loan helped a member to buy seeds and farm inputs for farming.
84% repaid
Repayment Term
30 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
May 12, 2014
Listed
Jun 8, 2014
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2015