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Femmes Commerçantes N°12 Group
In this Group: Mama Issa, Fatou, Khady, Amy, Binta
The group “Femmes Commerçantes” (F.C.), as its name indicates, is a network of women who are active in commerce. It is based in Grand Thiès and was founded in 1992 by Ms. Maty Niakh, the network’s current president. She got the idea of forming the network after participating in a training session run by the NGO OXFAM in Thiès. She is therefore quite knowledgeable about group management, entrepreneurship, etc.

The network members are extremely devoted and meet once a month. Beyond a membership fee, each member must pay 200 francs CFA monthly into a solidarity fund.

Desiring financing, they decided to join U-IMCEC. This is why their network was split into nineteen sub-groups of five persons each to ensure a better profit outcome. For the second time, they are requesting a loan of 100,000 francs per member, that is 500,000 francs per sub-group, to develop their various businesses.

However, payments are made at the monthly meetings to the group president, assisted by the group treasurer, Ms. Coumba Seck, who are then responsible for reimbursing U-IMCEC. In the words of its president, the network has only one single, noble objective: to fight family poverty. The network currently numbers nineteen sub-groups, each with its own president and treasurer.

The five who compose this sub-group “Femmes Commerçantes N°12 include the president Ms. Mame Issa D., who sells breakfasts; the treasurer Ms. Fatou D., who is an itinerant vendor of cloth and shoes; Ms. Khady G., a vendor of dried fish; Ms. Bineta L., who trades in rice, peanuts, and palm oil; and Ms. Amy D., a vendor of oranges and peanuts.

As for the president, Ms. Mame Issa D., she is 40 years old and has been investing herself in her sector since 2007. With this financing, she wants to diversify her business. She invested herself in this trade with the goal of meeting her needs and those of her two children and her dear mother.
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.
Les cinq qui composent ce sous groupe Femmes Commerçantes N°12 sont la présidente Madame Mame Issa D. qui vend du petit déjeuner, Madame Fatou D. trésorière vendeuse ambulante de tissus et chaussures, Madame Khady G. vendeuse de poissons séchés, Madame Bineta L. qui commerce le riz, arachide et huile de palme et de Madame Amy D. vendeuse d’oranges et arachide.
Quant à la présidente, Madame Mame Issa D., elle est âgée de 40 ans et s’est investi dans son secteur depuis 2007. Avec ce financement, elle veut diversifier son activité. Elle s'est investie dans ce métier dans le but de subvenir à ses besoins et à ceux de ses 2 enfants et sa chère maman

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
  • $13,529,175
    Funds lent in using Kiva
  • 489.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Femmes Commerçantes N°12 Group's $1,025 loan helped a member developing their respective businesses.
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