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Afde N°2 Group
In this Group: Ndoumbé, Ndéye Astou, Aminata, Fatoumata, Rokhaya
The 5 women of the Association Femme Développement Entreprise AFDE N°2 group have an average age of 40 and live in large traditional extended families in the Cité Lamy district (Thiès region). They met because of being neighbors or related to each other. They have almost the same business: selling cloth and sewing supplies. They are much sought after in this activity.



Intending to improve the quality of their services and expand the size of their businesses, the members of the group confidence decided to join the micro-finance institution IMCEC with whom they are on their second solidarity loan (group loan). The preceding loan was correctly reimbursed. They intend to use this loan to make a significant addition to their inventory of cloth and peanut butter. The cloth and peanut butter are sold retail, for cash, in the big market of Thiès. They each hope to make an average profit of 30,000 F CFA during this loan cycle, which will be used to reimburse the interest on the loan and cover necessities for their extended family, with any remainder reinvested into their businesses.

View original language description ↓
Les cinq femmes du groupe Association Femme Développement Entreprise AFDE N°2 ont une moyenne d’âge de 40 ans vivant dans des grandes familles traditionnelles élargies au quartier Cité Lamy (région de Thiès). Elles se sont connues à travers des liens de voisinage et de parenté. Elles exercent presque la même activité de vente de tissu et de mercerie. Elles sont très sollicitées dans ces activités. Dans le cadre de l’amélioration de la qualité de leurs services et l’agrandissement de la taille de leurs activités, les membres du groupe confiance ont décidé d’intégrer l’institution de micro finance IMCEC avec laquelle il est à son deuxième prêt solidaire (prêt de groupe). Tous les prêts précédents ont été correctement remboursés. Elles comptent utiliser ce prêt pour constituer un stock important de tissus et patte d’arachide. Les tissus et la patte d’arachide sont vendus en détail, au comptant au marché grand Thiès. Elles espèrent réaliser chacune un bénéfice moyen de 30 000FCFA au cours de ce cycle qui sera utilisé pour rembourser les intérêts du prêt, subvenir au besoin de la famille élargie et investir le reste dans les activités.

Additional Information

About UIMCEC

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.

About Senegal

  • $1,759
    Average annual income
  • 19
    View loans »
    Senegal Loans Fundraising
  • $12,847,825
    Funds lent in using Kiva
  • 495.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Afde N°2 Group's $1,025 loan helped a member bolstering their little businesses.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 3, 2009
Listed
Apr 9, 2009
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2010