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Takku Liggey Tefess 1 Group
In this Group: Astou , Marieme, Dior G
The group Takku Liggey Tefess 1 brings together married women who are all petty traders selling various items. One sells cloth, another shoes, and the third sells cooked food. The group of three members meets once a week to collect dues from each member which are paid out to one of them in turn. With the loan, they intend to bolster their businesses by buying more merchandise. The income from their businesses permits them to support their children. These women live in Mbour, a coastal town situated 70 km from Dakar.
View original language description ↓
Le groupe takku liggey tefess 1est une association qui regroupe des femmes mariées qui s ‘activent de petit commerce de divers produits. Certaines d’entre elles vendent des tissus d’autre des chaussures et le troisième fait de la restauration . Le groupe de trois(3) membres se réuni chaque semaine pour collecter les cotisations des membres qui sont versées à une d’elle à tour de rôle .Avec le prêt elles comptent renforcer leur activité en achetant plus de marchandises.les revenus tirés de leurs activité leur permettent d’entretenir leurs enfants. Ces femmes habitent à Mbour ville côtière située à 70 km de Dakar

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
  • 39
    View loans »
    Senegal Loans Fundraising
  • $13,110,150
    Funds lent in using Kiva
  • 487.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Takku Liggey Tefess 1 Group's $625 loan helped a member working capital.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 15, 2009
Listed
May 19, 2009
Currency Exchange Loss:
Covered
Ended:
May 15, 2010