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Kaay Bakh 2 Group
In this Group: Soukeye, Awa, Aminata, Fatou
Kaay Bakh 2 is a loan group composed of four members. They live near each other and have all become involved in commerce. They sell meat, fish, and imported products. They are also involved in food service. They are represented by Madame Soukeye (the one whose hand is raised in the photo). She has good experience in food service. She is married and wants to grow her business by adding the sale of detergents. She starts her workday at 6:30 am and works until 2 pm. The group is requesting a loan of 700,000 francs for the purchase of fish, meat, imported merchandise, and food products to build up the business activities of the respective members of the group.
View original language description ↓
Kaay Bakh 2 est un groupe de crédit composé de 4 membres. Elles habitent la même localité et évoluent toutes dans le secteur du commerce. Elles s’activent dans la vente de viande, de poissons, de produits importés mais aussi dans la restauration. Elles sont représentées par madame Soukeye (la femme qui a la main levée sur la photo). Elle a une bonne expérience dans la restauration. Elle est mariée et veut élargir son activité de commerce en y intégrant la vente de produits détergents. Elle commence sa journée de travail de 6h30 mn jusqu'à 14 heures dans l’après midi. Le groupe sollicite un crédit de 700 000 frs prévu pour l’achat de poisson, de viande, de marchandises importées et de denrées alimentaires qui sont destinés a développer les activités des membres respectifs du groupe.

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
  • 92
    View loans »
    Senegal Loans Fundraising
  • $13,835,375
    Funds lent in using Kiva
  • 480.0
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Kaay Bakh 2 Group's $800 loan helped a member to purchase meat, fish, food products and imported merchandise to sell.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 22, 2011
Listed
Sep 19, 2011
Currency Exchange Loss:
Covered
Ended:
Nov 17, 2012