Femmes Commercantes 2 Group

The five women of this group have been good neighbors for a long time. They are in a federation of all the women of the town of Thies. This larger group has been subdivided into groups of 5 to facilitate management.

The groups were created based on the affinity of the women themselves. They are engaged in various money-earning activities and help their husbands support their respective families. The group is auto-financed through an internal dues system, but with the loans from IMCEC, they can obtain larger sums and get financing for their businesses without a long delay. Most of the women have stands in the central market of the town of Thies where they sell vegetables, fish, jewelry, cloth, etc.

Translated from French by Teresa Kramer, Kiva Volunteer

Les 5 femmes membres du groupe sont unies par le bon voisinage depuis longtemps. Elles sont dans un groupe fédéral de toutes les femmes de la commune de Thiès. C'est le groupement qui a été subdivisé en groupe de 5 pour faciliter la gestion. Les groupes sont créés par affinité par les femmes elles-mêmes. Elles mènent diverses activités génératrices de revenus et soutiennent leurs maris dans la prise en charges de leur famille respective. Le groupe s'autofinançait par une tontine interne mais avec le crédit de l'IMCEC il trouve des moyens plus importants et un délai court pour le financement de leurs activités. La plupart d’entre elles ont des étalages au marché central de Thiès commune ou elles vendent légumes, poisson, bijoux, tissus, etc.


About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn more

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