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Nekhe Derete Group
In this Group: Amy, Seynabou, Maye, Awa, Awa, Bintou
NEKHE DERETE is a group of women who live near the village of Sandiara, located 25 km from the city of Mbour. They are active in agriculture, small-scale commerce, and the fattening of livestock. With the beginning of the off-season, the group members are requesting a loan to finance their different income-generating activities, which are their only sources of revenues during this period. These revenues enable them to feed their families as they wait for harvest time.
View original language description ↓
NEKHE DERETE est un groupe de femmes habitant prés du village sandiara localité située à 25 km de la ville Mbour .Elles s’activent dans l’agriculture, le petit commerce et l’embouche. Avec le début de l’hivernage elles sollicitent un prêt pour financer leurs différentes activités génératrices de revenus leur unique source de revenu pendant cette période. Les revenus tirés de cette activité leur permettent de nourrir leurs familles en attendant les récoltes.

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
  • 40
    View loans »
    Senegal Loans Fundraising
  • $13,535,825
    Funds lent in using Kiva
  • 464.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Nekhe Derete Group's $1,100 loan helped a member working capital.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jul 7, 2009
Listed
Jul 19, 2009
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2010