The Keur Safady 2 GIE (economic interest group) is an association of five women who have been farming for more than ten years. They have never had a loan from IMCEC, but since they want to increase their production capacity in the fields, they have now turned to the financial institution for help.
Khodia, who is in charge of the group, is the smallest of the women in the photo, and she is married and a mother; she helps her husband in the fields. With this loan she is going to buy groundnut and millet seeds as well as fertilizer for farming. With the profits, they will be able to manage the daily family expenses more easily and improve the household's living conditions. Furthermore if the capital increases, they will be able to farm other pieces of land.
Le GIE Keur Safady 2 est une association qui regroupe cinq femmes qui s’activent dans l’agriculture depuis plus de dix ans. Elles n’ont jamais bénéficié de crédit à l’IMCEC et voulant augmenter leur capacité de production dans les champs, elles ont fait recours à une Institution financière pur les appuyer.
La responsable, madame Khodia la plus petite de taille, mariée et mère de famille va appuyer son époux dans les champs. Avec le crédit, elle va acheter des semences d’arachide et de mil et de l’engrais pour cultiver.
Avec les bénéfices, ils pourront gérer la dèpense quotidienne de la famille et améliorer les conditions de vie du foyer.
Et si le capital augmente, ils pourront exploiter d’autres périmètres culturaux.
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.