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Lingueres Aynoumane 2 Group
In this Group: Safietou, Nogaye, Moussou, Khady Aidara
The Lingueres de Aynoumane 2 brings together a group of four vegetable and condiment sellers at the market in the Mbour quarter. The group was created five years ago. Every day that dues are paid, the members give 100 FCFA to a particular member of the group whose turn it is. This sum is put into their business to strengthen the working capital of the group.
Faced with insufficient funds to meet their needs and working capital, the group is asking for a loan. The majority of the group members left their villages to live in the city in order to support their families.
View original language description ↓
Le groupe Lingueres de Aynoumane 2 regroupe quatre (4) vendeurs de légumes et condiment d’un marché de quartier de la ville de Mbour. Le groupe crée depuis 5 ans permette à ses membres de réunir chaque jour des cotisations de cent fracs CFA qui sont versées chaque jour à un membre du groupe à tour de rôle. Cette somme est injectée dans le commerce pour renforcer le fonds de roulement du groupe. Face à l’insuffisance ses cotisations à régler leurs besoins en fonds de roulement, le groupe sollicite un prêt. La plus part des membres du groupe ont quitté leur village pour s’installer à la ville à fin d’avoir de quoi nourrir leur famille.

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
  • $13,521,325
    Funds lent in using Kiva
  • 531.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Lingueres Aynoumane 2 Group's $950 loan helped a member commercial Activity.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 20, 2010
Listed
May 21, 2010
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2011