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Apec-Al Ouma Niakourab Group
In this Group: Sounkar , Adama, Marie Nicole, Ousmane, Ibrahima, Sira, Samba, Dié, Fatimata Binta, Aramatoulaye
The group Nikarouab consists of 10 people who live in the same neighborhood and all work in commerce and livestock raising. The group is represented by Sounkar Sané, who sells food products and grains in weekly markets for the past few years. She chose this business because of her passion for it, but also out of necessity in order to make products that allow her to take care of her family. This business was also recommended to her by her family. The group is a member of the Yoff branch of UIMCEC since august, 2010. They are requesting a credit of 1,750,000 FCFA to serve as working capital for the group members. Ms Sané will buy millet, niébé, and corn with her portion of the loan.
The improvement of their profits will help the group members reinforce the socioeconomic status of their families.

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 ↓
La cellule de Niakourab est un groupement de 10 personnes qui habitent dans la même localité et se retrouve dans le secteur d’activité du commerce et de l’élevage. Elle est représentée par la dame Sounkar sané qui s’active depuis plusieurs années dans la vente de denrées alimentaires et céréales locales dans les marchés hebdomadaires. Elle a choisi son activité par passion mais aussi par nécessité dans le souci de se procurer des bénéfices qui lui permettent d’assurer l’entretien de sa famille. Cette activité lui a été aussi fortement recommandée par ses parents. Le groupement est membre du guichet de Yoff depuis aout 2010. Il sollicite un crédit de 1 750 000 frs destiné à augmenter le fond de roulement de ses bénéficiaires. L’amélioration de leurs profits leur permettra de consolider le statut économico-social de leurs familles respectives.
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.



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
  • 28
    View loans »
    Senegal Loans Fundraising
  • $13,110,150
    Funds lent in using Kiva
  • 462.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Apec-Al Ouma Niakourab Group's $3,800 loan helped a member to buy millet, niébé and corn.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 26, 2011
Listed
Mar 28, 2011
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2012