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Apec Al Ouma Ngor Groupe 2
In this Group: Khardiata, Amy, Bamba, Anna, Binta, Amy, Fatou, Mairame, Aita, Rokhaya, Yacine, Ndiagna
Apec Al Ouma group 2 unites 12 women who all live in Ngor, a neighboring village which is situated between Ouakam et Yoff. They are all working in commerce and they have separate activities selling various products such as foodstuffs, local products, cloth, clothes, used clothing, cosmetics and cooked foods.

They are represented by Mrs. Khardiata S.. She frequently travels to Diaobe, a weekly market, where she buys local products such as peanut butter, dried fish, etc. She also sells cosmetics. She chose to do business as a matter of necessity, to support her family. She has been in this business for some 10 years. Her goal is to fight joblessness and poverty.

This sub-group has been a member of the Ouakam office since February 2011. It is requesting a loan of 2,075,000 francs so each member can buy merchandise to resell. The members wish to bolster their working capital, expand and diversify their respective activities, and meet the growing demand of their customers.

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 ↓
Apec Al Ouma groupe 2 regroupe 12 femmes qui vivent toutes dans la localité de Ngor, un village environnant qui se situe entre Ouakam et Yoff. Elles évoluent toutes dans le domaine du commerce et elles ont des activités séparées de vente de produits divers tels que denrées alimentaires, produits locaux, tissus, habits, friperie, produits de beauté et petite restauration. Elles sont représentées par madame Khardiata S.. Elle voyage fréquemment pour aller a Diaobe un marché hebdomadaire ou elle se procure des produits locaux comme la pâte de d’arachide, les poissons séchés, etc. Elle vend aussi des produits cosmétiques. Elle a choisi son activité de commerce par nécessité pour subvenir aux besoins de sa famille. Elle a une expérience d’une dizaine d’années environ dans son activité. Son objectif est de lutter contre le chômage et la pauvreté. Le sous groupe est membre du guichet de Ouakam depuis février 2011. Il sollicite un crédit de 2 075 000 dans le but de se procurer des produits à vendre pour chaque membre. Elles souhaitent renforcer leurs fonds de commerce, élargir et diversifier leurs activités respectives et faire face à la demande croissante de 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

  • $1,759
    Average annual income
  • 9
    View loans »
    Senegal Loans Fundraising
  • $13,155,075
    Funds lent in using Kiva
  • 453.2
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Apec Al Ouma Ngor Groupe 2's $4,600 loan helped a member to buy local products and cosmetics, etc. for resale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 17, 2011
Listed
Apr 14, 2011
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2012