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Sope Mame Diarra 1 Group
In this Group: Mame Diarra Bousso, Soda, Magatte, Thiombe, Cheikh Niang
The Sope Mame Diarra 1 group is composed of 5 women who lived together in the Randoulène neighborhood of Thies. They are engaged in petty commerce, selling products of interest to women, notably "pagnes" (lengths of brightly colored African print cloth), necklaces, and incense. They have opened an account with the credit union and want to request a loan to increase their working capital.
View original language description ↓
LE groupe sope mame diarra 1 est composé de cinq femmes qui habitent ensemble au quartier randoulène de thies ,elles font du petit commerce de produits pour femmes notamment des pagnes,des perles et de l'encens;elles ont ouvert un compte au sein de la mutuelle et veulent contracter un pret pour augmenter leur fonds de roulement

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

  • $2,300
    Average annual income
  • 89
    View loans »
    Senegal Loans Fundraising
  • $13,894,575
    Funds lent in using Kiva
  • 468.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Sope Mame Diarra 1 Group's $1,075 loan helped a member increasing their working capital.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 9, 2009
Listed
Jun 12, 2009
Currency Exchange Loss:
Covered
Ended:
May 15, 2010