And Suxali Sine Saloum N°2 Group
Mrs. Oulimata, the group’s leader and the one holding a savings account book in the photo, sells vegetables in front of her house. She has over five years of experience in this field. This loan will allow her to buy a variety of vegetables in order to meet her customers’ needs, saving them a trip to the market.
Thanks to her revenues, she contributes to everyday household expenses. She would like to diversify her business once she has a stable working capital.
La dame Oulimata, qui est la présidente du groupe qui tient le carnet sur la photo, fait de la vente de légumes devant chez elle. Elle a acquis une expérience de plus de 5 ans dans ce domaine. Le crédit lui permettra d’acheter des variétés de légumes pour satisfaire sa clientèle qui n’aura pas besoin d’aller jusqu’au marché.
Grâce aux bénéfices réalisés, elle participe à la dépense quotidienne de la famille.
Elle désire diversifier ses activités, si elle a un fond stable.
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