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Booku Diome De Kahone Group
In this Group: Nene Faye, Codou , Ndèye Codou , Mariama , Mariama
All five members of the group "BOOKU DIOME of Kahone" are dyers. They received training in this occupation, and created their solidarity group to conduct their business more efficiently. They settled in a space that belongs to the group’s president and where they receive many orders from all over the city. They earn substantial profits divided into six shares, five of which belong to the group members while the remaining share is added to the group’s savings account at the UIMCEC.

The president of the group (in yellow) is married with four children. She also sells fabrics and incense. Her business activities allow her to help her husband with the household expenses.

In order to strengthen their working capital, the group members are seeking a loan of 500,000F to buy fabrics and dyeing supplies. Their goal is to acquire a shop to display and sell their merchandise.
Les cinq femmes qui composent le groupe "BOOU DIOME de Kahone" sont toutes des teinturières. Elles ont reçu une formation dans ce domaine et se sont constituées en groupe de solidarité pour mieux mener leurs activités. Elles se sont implantées dans un local qui appartient à la présidente et y reçoivent plusieurs commandes venant de toute la ville.Elles obtiennent ainsi des bénéfices assez consistants qu'elles divisent en 6 parts.Les 5 parts vont aux membres du groupe tandis que la sixième est gardée comme épargne dans leur compte à l'UIMCEC. La présidente du groupe( en jaune) est mariée et mère de quatre enfants.Elle vend en même temps des tissus et de l'encens. Elle aide son mari à prendre en charge les dépenses d'entretien de la famille grâce à ses activités commerciales. Afin de renforcer leur fonds de commerce, le groupe sollicite un pret de 500000f pour acheter des tissus et des produits de teinture. Leur ambition est d'acquérir une boutique d'exposition - vente de leur production .

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
  • 37
    View loans »
    Senegal Loans Fundraising
  • $13,284,725
    Funds lent in using Kiva
  • 503.5
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Booku Diome De Kahone Group's $1,000 loan helped a member to buy fabrics and dyeing supplies.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 16, 2012
Listed
Mar 16, 2012
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2013