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Apec Al Ouma Ngor Group 1
In this Group: Ndiapaly, Khardiata, Calmy, Magatte Gueye , Oureye, Khady, Aissatou, Adama, Ndeye , Ndethiou, Aissatou, Tine, Faty
Apec Al Ouma Group 1 is an association of 13 women, all living in the same district, Ngor, and members of the same Al Ouma association. Group 1 has been a member of the Ouakam credit union since July, 2010. The group is asking for a loan of 2,200,000 francs. The group members all work in commerce (selling local products, seafood, fish, vegetables, fabric, breakfast, dinner or other consumer products). Each member operates her business independently of the other group members.

They are represented by Ms. Ndiaply S.. She sells local produce and seafood, building on five years’ experience in the business. She chose this work in order to earn income to help meet her family’s needs and to avoid being unemployed. The borrowed funds will reinforce her working capital for buying local produce and seafood for resale.

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 expanded 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 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 groupe 1 est une association de 13 femmes qui habitent dans la même localité de Ngor et appartiennent a la même association Al Ouma. Le groupe 1 est membre du guichet de Ouakam depuis juillet 2010. Il sollicite un crédit de 2 200 000 frs. Les membres du groupe évoluent toutes dans le secteur du commerce(vente de produits locaux, fruits de mer,poissons, légumes, tissus,petit déjeuner ou diner,et d'autres produits divers). Elles pratiques des activités séparées.
Elles sont représentées par madame Ndiaply S.. Elle exerce la vente de produits locaux et de fruits de mer. Elle capitalise une expérience de 5 ans dans son activité. Elle a choisi son activité dans le but de se procurer des revenus afin de subvenir aux besoins de sa famille et aussi éviter le chomage. L'argent emprunté a renforcé ses fonds de roulement pour l'achat des produits locaux et fruits de mer pour revendre.

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
  • 42
    View loans »
    Senegal Loans Fundraising
  • $12,997,975
    Funds lent in using Kiva
  • 455.3
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Apec Al Ouma Ngor Group 1's $4,850 loan helped a member to purchase local produce and seafood.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 14, 2011
Listed
Apr 13, 2011
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2012