The loan group Bokk Diom 32 is made up of six members: two men and four women who live in the same area. The president is named Moustapha. He is married and the father of a family. Monsieur Moustapha has performed truck farming for 10 years now. He has a field that he wants to farm fully thanks to the group loan granted to them by UIMCEC. Thanks to the profits received, he manages his household and its everyday expenses.
He wants to become a major farmer and diversify his business by adding livestock farming to it.
Le groupe de crédit Book Diom 32 est constitué de 6 membres dont 2 hommes et 4 femmes qui habitent le même quartier. L e président s’appelle Moustapha. Il est marié et père de famille. Monsieur Moustapha évolue dans le secteur du maraichage depuis maintenant 10 ans. Il possède un champ qu’il veut exploiter pleinement grâce au crédit de groupe que leur a octroyé l’IMCEC. Grace aux bénéfices requis, il gère son foyer et leur dépense quotidienne.
Il désire devenir un grand cultivateur et diversifier son activité en y associant l’élevage.
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.