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Gpf Keur Safadi 3 Group
In this Group: Diama, Awa
The "Keur Safadi 3" group consists of two women who are actively involved in agriculture. Diama, the tallest woman in the photo, grows cabbage, carrots and eggplants. She owns a piece of land behind the house where she lives, and she will use her loan to buy seeds and fertilizers. The profits from the sale of her garden vegetables will be used to help her husband cover the day-to-day expenses of the household. In addition to her farming activity, Diama would also like to sell cosmetic products. She would actually give this activity to her daughter who would run it. This will allow her to maximize her profits and to improve her family's food conditions.
View original language description ↓
Le groupe appelé Keur Safadi 3 regroupe des femmes qui s’activent dans l’agriculture. La dame Diama qui est la plus forte sur la photo, fait de la culture maraichère de choux, carottes aubergine. Elle possède un espace derrière la maison où elle loge et profite de ce crédit pour acheter des semences et de l’engrais. Les bénéfices de la vente sont destinés à aider à la dépense quotidienne du foyer. Diama désire associer la vente de produits cosmétiques à son activité, elle donnera à sa fille qui le gérera. Cela permettra de maximiser les profits et d’améliorer les conditions alimentaires de la famille.

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.

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About Senegal

  • $2,300
    Average annual income
  • 89
    View loans »
    Senegal Loans Fundraising
  • $13,894,550
    Funds lent in using Kiva
  • 484.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Gpf Keur Safadi 3 Group's $1,050 loan helped a member to buy seeds and fertilizers for her farming business.
92% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 23, 2014
Listed
Jul 23, 2014
Currency Exchange Loss:
Possible
Ended:
May 17, 2015