Kassoumaye FM is a small community radio station that contributes to the well-being of women and young children through broacasts concerning HIV/AIDS, illicit drugs, sexual mutilation, etc. The managers of this radio station are requesting this loan to buy consumables for their broadcasts and the editorial-style advertising which constitute one of their inflows of funds.
Kassoumaye FM est une petite radio communautaire qui participe au bien être des femmes et de la petite enfance par des émissions sur le VIH SIDA, la drogue, les mutilations sexuelles etc Les responsables de cette radio sollicite ce crédit pour acheter des consommables pour leurs émissions et les publi-reportages qui constituent une de leur rentrée de fonds
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.