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Pacathiaré Khaye 2 Group
In this Group: Bome, Fatou
The loan group Pacathiaré Khaye2 is one that is composed of women working in farming. Bome is the group’s official. She is a married mother. With this loan, she is going to purchase peanut and millet seeds and some fertilizer to cultivate her husband’s field. She is also going to have a market garden in order to maximize her revenues enabling her to manager day-to-day expenses at home. Bome’s ambition is also to raise cattle and sheep if she sees her capital increase.
View original language description ↓
Le groupe de crédit, Pacathiaré Khaye2 est un groupe de crédit qui rassemble des femmes qui évolue dans l’agriculture. Bome est la responsable, elle est mariée et mère de famille. Avec le crédit, elle va acheter des semences d’arachide et de mil et de l’engrais pour cultiver le champ de son mari. Elle va aussi faire de la culture maraichère pour maximiser les revenus. Car elles lui permettront de gérer la dépense quotidienne du foyer.
Bome ambitionne de faire aussi de l’élevage de bœufs et de mouton, s’il voit son capital augmenter.

Additional Information

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 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.

Tags

About Senegal

  • $1,759
    Average annual income
  • 39
    View loans »
    Senegal Loans Fundraising
  • $13,110,150
    Funds lent in using Kiva
  • 484.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Pacathiaré Khaye 2 Group's $525 loan helped a member to purchase seeds and fertilizer for farming.
0% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 24, 2014
Listed
Jul 22, 2014
Currency Exchange Loss:
Possible