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Apec-Al Ouma Tivaouane Diacksao Groupe 2
In this Group: Fatoumata, Fatoumata, Aissata, Aissatou , Awa, Houleymatou, Aissata, Dague, Dioukha, Mbayang, Fatoumata, Marie, Fatou, Diamy, Seynabou
The APEC sub-group Al Ouma Tivaouane Diacksao, Group 2, consists of fifteen women who all live in the same locality. For a long time now, they have been selling various items such as fabrics, vegetables, bread, thiakry, oranges, etc. The group president is Mrs. Fatoumata D.. She sells donuts in front of a school located close to her home. Outside of school hours, she is also a street vendor, going around town to sell toys and perfumes. She chose her activity out of love, but also to earn income and provide for her personal needs. She has children to raise and support.

The group members joined the Dalifort branch in March 2011. They are seeking a loan of 1,000,000 FCFA to purchase fabrics, perfumes, vegetables and seasonal products intended to diversify and develop their businesses. An increase in profits will allow them to better contribute to the well-being of their respective families. Their goal is to help their husbands in managing the daily expenditures of their households.
Le sous groupe APEC al Ouma Tivaouane Diacksao groupe 2 est un regroupement de 15 femmes qui habitent toutes dans la même localité et évoluent depuis longtemps dans le secteur du commerce de produits divers (tissus, légumes, pain, thiakry, oranges, etc.…). La présidente s’appelle madame Fatoumata D.. Elle est vendeuse de beignets à la devanture d’une école qui se situe non loin de son domicile. Elle est aussi marchande ambulante en dehors des heures de classe, elle circule dans la localité pour vendre des jouets et des parfums. Elle a choisi son activité par amour mais aussi dans le but de se procurer des revenus qui lui permettent de satisfaire ses besoins personnels. Elle a des enfants et doit les soutenir a affronter la vie. Elles sont membres du guichet de Dalifort depuis Mars 2011. Elles sollicitent un crédit de 1 000 000 frs Cfa prévu pour l’achat de tissus, parfums légumes et produits saisonniers destinés à diversifier et développer leur commerce. L’augmentation de leurs bénéfices leur permettra de mieux participer dans l’entretien de leurs familles respectives. Leur objectif est d’aider leurs maris dans la gestion de la dépense quotidienne au sein de leurs foyers.
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
  • 37
    View loans »
    Senegal Loans Fundraising
  • $13,284,725
    Funds lent in using Kiva
  • 466.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Apec-Al Ouma Tivaouane Diacksao Groupe 2's $2,150 loan helped a member to buy fabrics, perfumes, and seasonal products for resale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 14, 2011
Listed
Mar 28, 2011
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2012