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Apec Al Ouma Dieupeul 4 Groupe 5
In this Group: Mamadou Djité, Banna, Diabou, Mamadou Lamine, Abdoulaye, Fandabo
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
View original language description ↓
Le groupe 5 est un autre démembrement de la cellule Apec Al Ouma Dieupeul 4. C’est un groupe mixte de 06 personnes qui constituent une même Famille. Ils habitent ensemble aussi. Ils sont représentés par monsieur Mamadou D. B. qui capitalise une expérience de 10 ans dans le secteur du commerce d’arachide, de poissons secs et d’huile de palme. Le groupe est sociétaire du guichet de Liberté 6 depuis février 2011. Ils sollicitent un crédit de 1 000 000 frs dans le but de s’approvisionner à Vélingara en poissons secs, arachide et huile de palme. Leur intention est de pouvoir mieux diversifier les produits qu’ils souhaitent vendre. Avec l’augmentation de leur capital de commerce ils ont pour objectif de renforcer leur activité et satisfaire leurs clients.
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

  • $2,300
    Average annual income
  • 43
    View loans »
    Senegal Loans Fundraising
  • $13,529,175
    Funds lent in using Kiva
  • 460.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Apec Al Ouma Dieupeul 4 Groupe 5's $2,175 loan helped a member to buy dried fish, groundnuts and palm oil.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 21, 2011
Listed
Apr 6, 2011
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2012