The "Linguère de Keur Manbaye" group is comprised of 5 women, all married. They all have retail activities related to agriculture, cloth, fish and vegetables that they have been involved with for 7 years. The president (seen in the photo wearing stripes) is a mother of four children, two of whom attend school. She supports their schooling fees as well as covering her own costs of living. In order to improve their businesses, these women are asking for a loan of 990,000f (approximately 2000 USD) in order to purchase millet, peanut butter, dried fish and cloth. They aim to increase their retail activity.
Le groupement "Linguère de Keur Manbaye" est constitué de 5 femmes, toutes mariées.Elles exercent des activités de commerce de produits agricoles, de tissus, de poisson et de légumes.Elles ont une expérience de sept ans dans ce domaine. La présidente ( en rayures rouges) est mère de quatre enfants dont les deux vont à l'école. Elle supporte les frais de scolarité de ces derniers et parvient en même temps à subvenir à ses propres besoins. Afin de renforcer leur fonds de commerce, les femmes du groupement sollicitent un prêt de 990 000f pour acheter du mil, de la patte d'arachide, des légumes, du poisson séché et des tissus. Elles ambitionnent de renforcer d'avantage leur commerce.
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.