Yinndi Diam Keur Demba Group is asking for their third loan for their agricultural business. The group has over five years of experience in this industry and consists of five women who belong to the same ethnic group. The woman Awa is the representative of the group. She is married and a mother. (She is in the middle of the photo.) With this loan, she plans to buy seeds and fertilizer to cultivate the plot of land that she shares with her husband. The income will help them feel their family and pay for other needs. In the future, Awa wishes to combine farming and the raising of sheep and cattle which her husband already does.
Yinndi Diam Keur Demba, est un groupe de crédit qui vient pour la 3ème fois solliciter un prêt pour leur activité agricole. Il a une expérience de plus de 5 ans dans ce domaine d’activité. Il est composé de 5 femmes qui appartiennent à la même ethnie. La dame Awa est la responsable du groupe, elle est mariée et mère de famille (elle se trouve au milieu sur la photo). Avec le crédit, elle compte acheter des semences et de l’engrais pour cultiver sa parcelle de terre qu’elle partage avec son époux et dont les revenus serviront à alimenter la famille et à régler les autres besoins.
Awa désire dans l’avenir, allier l’agriculture et l’élevage de moutons et de bœufs que son mari pratique déjà.
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.
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.