The "Takku Ligguey SAM 6" group is made up of five women. Only one of the women is single. The four others are married mothers. They sell fabric and cosmetics. They stock up in Gambia and resell their products on credit. This business allows them to provide for their families' spending and their own needs. The group leader (with her hand raised, in the center) is the mother of two children. She sells cosmetics, and women's and children's shoes. She participates strongly as a provider for her children's food expenses and the family's health expenses. The group is asking for a loan of 500,000 XOF.
Le groupement "Takku Ligguey SAM 6" se compose de 5 femmes.Une seule de ces femmes est célibataire.Les quatre autres sont mariées et mères de famille.Elles vendent des tissus et des produits cosmétiques. Elles s'approvisionnent en Gambie et revendent leurs produits à crédit.Ce commerce leur permet de subvenir aux dépenses d'entretien de leurs familles et à leurs propres besoins.Le chef de groupe ( main levée, au milieu), est mère de deux enfants.Elle vend des produits cosmétiques,des chaussures de femmes et d'enfants. Elle participe fortement aux dépenses d'alimentation et de santé de la famille.Le groupe sollicite un pret de 500 000f pour acheter des produits cosmétiques et des tissus.
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.