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Apec Al Ouma Sicap Mbao Group
In this Group: Fatou, Faty, Seynabou, Tegue, Magatte, Coumba, Khady, Alassane, Rokhaya, Adam, Matalibé, Maguette, Coumba, Alassane, Mambaye, Thiané, Hawa, Omar, Ndoumbé, Aminata
Apec Al Ouma Sicap M. Group 2 is a diverse sub-group made up of 20 people, all living in the same neighborhood of the Sicap M. district. Their business deals with a wide range of products. They have the advantage of multiple years of experience working in their respective businesses. The Sicap M. group is an affiliate of the Al Ouma association. They are represented by Ms. Aminata N. who has been a fishseller for the past 12 years. She chose this business in order to make a living through her profits. This group is a member of the Dalifort branch of UIMCEC since February 2011. They are asking for a loan of 2,000,000 FCFA which will be used as working capital by the group members so that they can expand their businesses. The members will use their parts of the loan to buy products such as fish, local products, fabric and others in order to be resold by the different members of the group. Increasing their profits can help them to better handle their personal needs and better contribute to their families’ well-being.

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 broadened 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 ↓
Apec Al Ouma Sicap M. groupe 2 est un sous groupe mixte composé de 20 personnes qui vivent dans le même quartier de la localité de Sicap M.. Ils exercent un commerce de produits très diversifiés. Ils capitalisent une expérience de plusieurs années dans leurs activités respectives. La cellule de Sicap M. est affiliée a l’association Al Ouma.L e sous groupe est représenté par madame Aminata N. qui exerce l'activité de mareyeuse depuis plus d'une dizaine d'années. Elle a choisi son activité dans l'objectif de gagner sa vie a travers les bénéfices réalisés. Le groupe est sociétaire du guichet de Dalifort depuis février 2011.Il sollicite un crédit de 2 000 000 fca qui est destiné à renforcer le fond de roulement des différents bénéficiaires en vue de mieux développer leur activité de commerce.Le montant emprunté sera destiné a l'achat de poissons, de produits locaux, de tissus et d'autres produits divers destinés a la vente pour les besoins du commerce des différents bénéficiaires des membres du sous-groupe. L’accroissement de leurs bénéfices pourra les aider a mieux gérer leurs besoins personnels et de mieux participer a l’entretien de leurs familles.
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
  • 29
    View loans »
    Senegal Loans Fundraising
  • $12,994,300
    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 Sicap Mbao Group's $4,300 loan helped a member to buy fish, spare parts, local products and cleaning products.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 15, 2011
Listed
Apr 12, 2011
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2012