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Femmes Commerçantes N°7 Group
In this Group: Aminata, Mame Khary, Adama, Penda, Bousso
The Femmes Commerçantes (F.C., literalL. "Trading Women") grouping is, as its name indicates, a network of women who are active traders. It is based in Grand Thiès and was created in 1992 by Mrs. Maty Niakh, the current president of the network. She had this idea following a training course she was given by the charitable organisation, OXFAM, in Thiès. She is familiar with managing a group, entrepreneurship etc. The members of the network are extremeL. committed and meet up once a month. On top of the group membership fees they have to pay, each member is obliged to make a monthL. contribution of 200 FCFA to a solidarity fund. As they wanted to be able to finance themselves, they decided to join to U-IMCEC (a Sénégalese association of mutual savings and loans institutions). AccordingL., their network was divided into 19 sub-groups of five members each, in order to take greater advantage of funding. They are requesting a second loan of 100,000 FCFA for each member, that is 500,000 FCFA per sub-group in order to develop their various activities.

The payments are made to the president assisted by the treasurer of the group, Mrs. Coumba Seck, during their monthL. meetings, and these two women take on the responsbility in turn to repay U-IMCEC. This network has, according to the president, just one noble objective: to fight poverty among households. CurrentL., it comprises 19 sub-groups, each with their own president and treasurer.

The sub-group Femmes Commerçantes No. 7 is managed by Mrs. Aminata Dème, who is 33 years old. This lady has been selling palm oil, peanut butter, dried fish, potatoes and onions since 2004. Married and mother to two children who are 16 and 13 years old respectiveL., Mrs. Aminata Dème carries out this activity in order to provide for her needs and those of her children. She is in this sub-group with Mrs. Mame Khary N., the treasurer who sells vegetables at the market in Grand Thiès, Mrs. Adama L., who is a seamstress and buys fabric which she makes up and sells on to her customers, Mrs Penda G. who is an itinerant vendor selling dried fish and Mrs. Bousso Guèye who sells peanut butter and palm oil at the market in Okass de Thiès.
View original language description ↓
Le groupement Femmes Commerçantes (F.C) comme son nom l’indique est un réseau de femmes qui s’activent dans le commerce. Il est basé à Grand Thiès et il a été créé depuis 1992 par Madame Maty Niakh l’actuel président du réseau. Cette présidente a eu cette idée à l’issue d’une formation qu’elle avait bénéficiée de l’ONG OXFAM à Thiès. Elle connait, ainsi, bien la gestion de groupe, entreprenariat …etc. Les membres du réseau sont extrêmement dévoués et se rencontrent une fois par mois. Ainsi, après des frais d’adhésion au groupement, chaque membre est tenu de cotiser mensuellement 200 FCFA pour une caisse de solidarité.
Souhaitant se financer, elles décidèrent d’adhérer à U-IMCEC. C’est ainsi que, leur réseau se voit scinder en 19 sous groupes de 5 personnes pour un meilleur profit des financements. Elles sollicitent pour une deuxième fois un prêt de 100 000 FCFA par membre, soit 500 000 FCFA par sous groupe afin de développer leurs diverses activités.
Cependant, les règlements sont versés à la présidente assistée par la trésorière du groupe, Madame Coumba Seck, pendant leurs réunions mensuelles et ces deux se chargent à leur tour de rembourser U-IMCEC. Ce réseau qui, dit la présidente, n’a qu’un seul et noble objectif : combattre la pauvreté dans les ménages. Actuellement, le réseau compte 19 sous groupes avec chacun une présidente et une trésorière.
Le sous groupe Femmes Commerçantes N°7 est dirigée par Madame Aminata Dème agée de 33 ans. Cette femme est une vendeuse d’huile de palme, pâte d’arachide, poissons séchés, pommes de terre et oignons depuis 2004. Mariée et mère de 2 enfants âgés respectivement de 16 et de 13ans, Madame Aminata Dème compte danzs cette activité pour régler ses besoins et ceux de ses enfants. Elle est dans ce sous groupe avec Madame Mame Khary N., la trésorière qui vend des légumes au niveau du marché grand Thiès, Madame Adama L. couturière, elle achéte des tissus les confectionne et les place à ses clients, Madame Penda G. qui fait le commerce ambulant des poissons séchés et Madame Bousso Guèye qui vend de la pâte d’arachide et huile de palme au marché Okass de Thiès

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
  • 20
    View loans »
    Senegal Loans Fundraising
  • $13,150,350
    Funds lent in using Kiva
  • 488.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Femmes Commerçantes N°7 Group's $1,025 loan helped a member to develop their business.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 19, 2010
Listed
Mar 31, 2010
Currency Exchange Loss:
Covered
Ended:
Dec 17, 2010