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Femmes Commerçantes 17 Group
In this Group: Thérèse, Oumy, Fatou, Aminata, Venise
The 5 members 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. That group has been subdivided in groups of 5 to facilitate management. The groups are created by the affinity of the women themselves.



They have various money-earning ventures and help their husbands support their respective families. The group finances itself through an internal dues system but with the loan from IMCEC, it finds greater financial input and a short term for the financing of their businesses. Most of the women have little stands in the central open-air market of the town of Thies where they sell vegetables, fish, jewelry, cloth, etc.

View original language description ↓
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.

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
  • 45
    View loans »
    Senegal Loans Fundraising
  • $13,116,775
    Funds lent in using Kiva
  • 481.2
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Femmes Commerçantes 17 Group's $1,050 loan helped a member purchase of local products in the rural weekly markets and fishing areas for resale in town.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 14, 2009
Listed
May 17, 2009
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2009