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Apec Al Ouma Gueume Sa Bopp 1 Group
In this Group: Ndeye, Ndoume, Binetou Wahab, Mame Khar, Seynou, Seynabou, Khady Gueye, Oulimata, Cheikh, Mamadou, Ndeye Bakhaw, Aissatou, Fatou, Awa , Ndeye Marie, Abibou, Bouba , Sagar, Madina
The group "Geume sa Bopp 1" is a subgroup of the cell APEC Al Ouma, located in the town of Yoff. This is a mixed association of nineteen people who live in the same district and who have diverse businesses. The different products marketed generally by the women are fabrics, shoes, grains, and a variety of consumer items. The women have been active in commerce for over twenty years.

Ms. Ndeye, who presents the women, is the president of the women's group of the association APEC -AL-OUMA. She is requesting a loan of 2,250,000 francs for buying supplies with the goal of bolstering and expanding the group's businesses. The group's goal is to grow their profits in hopes of improving the well-being and the living standards of their respective families.

About this loan:
Al Ouma is a Senegalese nonprofit whose full name is The Association for Koranic Education and Teaching.

Originally founded to work with at-risk children, especially talibés (young boys from poor families who beg in Senegalese metropolitan areas), Al Ouma has evolved its mission to work with adults as well as children. They currently have over 10,000 members, and are actively engaged in supporting the economic development of their members in the hopes of improving their quality of life, and that of their at-risk children.

Al Ouma's members are currently organized into smaller associations which meet each week to contribute to a group fund that helps finance small loans for members. Members typically put in $2 USD per week. Because UIMCEC and Al Ouma both share the mission of fighting poverty through economic empowerment, they have formed a partnership to provide loans to Al Ouma associations at a lower interest rate than UIMCEC usually offers its clients.
View original language description ↓
Le groupe Geume sa Bopp 1 est un sous groupe de la cellule APEC Al Ouma située dans la localité de Yoff. C’est un groupement mixte de 19 personnes qui habitent dans le même quartier et exercent des activités diversifiées de commerce. Les différents produits qui sont généralement commercialisés par ces femmes sont les tissus, chaussures, céréales et produits de consommation diverses. Elles s’activent dans le commerce depuis plus de 20 ans. Elles sont représentées par leur présidente madame Ndeye qui est en même temps la présidente du groupement des femmes de l’association APEC -AL-OUMA. Elle sollicite un crédit de 2 250 000 destiné a l’achat de produits alimentaires dans le but de renforcer et d’élargir l’activité des membres du groupe. L’objectif du groupe est d’accroitre leur bénéfice pour éventuellement améliorer le bien être et le cadre de vie de leurs familles respectives.

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
  • 18
    View loans »
    Senegal Loans Fundraising
  • $12,851,075
    Funds lent in using Kiva
  • 477.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Apec Al Ouma Gueume Sa Bopp 1 Group's $4,725 loan helped a member increasing their working capital.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 1, 2011
Listed
Feb 28, 2011
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2012