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Lingueres Fallokh Serere Group
In this Group: Salla, Binta, Mbadji, Fatou, Ndiaya
The “Lingueres de Fallokh Serere” group consists of five retailers of vegetables and condiments from a neighbourhood market in the town of Mbour.

This group was created five years ago, requiring that daily fees of 200 CFA be collected from each member and given to one of the members on a rotating basis. This sum is then used in the commercial activities to bolster the group’s working capital.

As these daily fees proved insufficient to support the working capital, the group requested a loan. Most group members have left their home village to settle in town and earn enough to feed their families.
View original language description ↓
Le groupe lingueres de FALLOKH SERERE groupe de cinq (5) vendeuses de légumes et condiment d’un marché de quartier de la ville de Mbour. Le groupe crée depuis cinq (5) ans permette à ses membres de réunir chaque jour des cotisations de deux cent francs 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
  • 39
    View loans »
    Senegal Loans Fundraising
  • $13,521,325
    Funds lent in using Kiva
  • 521.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Lingueres Fallokh Serere Group's $975 loan helped a member commercial activity.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 20, 2010
Listed
May 23, 2010
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2011