A loan of $2,175 helped a member to buy dried fish, groundnuts and palm oil.

Apec Al Ouma Dieupeul 4 Groupe 5's story

Group 5 is another division of the Apec Al Ouma Dieupeul 4 unit. It's a mixed group of 6 persons from the same family. They also live together. They are represented by Mr. Mamadou Djita B. who capitalizes on 10 years' experience in the sale of groundnuts, dried fish and palm oil. The group has been a member of the Liberté 6 branch since February, 2011. They are requesting a loan of 1,000,000 francs in order to stock up in Vélingara with dried fish, groundnuts and palm oil. Their intention is to able to better diversify the products they want to sell. Their goal is to expand their business and satisfy their customers with the increase in their business capital.

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

In this group: Mamadou Djité, Banna, Diabou, Mamadou Lamine, Abdoulaye, Fandabo

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Translated from French by Kiva volunteer Connie Archea

Loan details

Lenders and lending teams

Loan details