Naangou Liggey Group
In order to make some money, they sell part of their crop. However, a large part of their crop is used for consumption.
The group's leader (raising her hand, in the middle of the group) is a homemaker and the mother of four children. She grows groundnut, millet and sorrel.
Thanks to this activity, she is able to improve her family's diet and to meet some of her own needs.
In order to prepare for this year's farming season, the group is requesting a loan of 500,000 francs for the purchase of seeds and fertilizer.
About UIMCECThis 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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Success!! The loan was 100% repaid