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Book Khoole 1 Group
In this Group: Yacine , Aminata , Awa , Soda , Adama
The Book Khoole 1 group (the name of the group means « United Hearts ») is composed of five married women. For three years, they have been selling women’s and children’s clothing, shoes, and cosmetic products. With the revenues derived from their business, they provide for their personal needs and also manage to help their respective husbands with household expenses. In order to bolster their work capital, the group members are seeking a loan of 500,000 West African francs to buy women’s and children’s clothing, shoes, and cosmetic products. The group’s goal is to expand its business activities.
View original language description ↓
Le groupement "BOOK KHOOLE 1" qui signifie "coeurs unis" est constituée de cinq femmes toutes mariées.Depuis trois ans, elles exercent dans le commerce de vêtements pour femmes et enfants, de chaussures et de produits cosmétiques.Avec les revenus tirés de ce commerce, elles prennnent en charge leurs propres besoins et parviennent aussi à soutenir leurs maris dans les dépenses d'entretien de leurs familles respectives.Afin de renforcer leurs fonds de commerce, les femmes sollicitent un pret de 500000f pour acheter des vêtements, des chaussures et des produits cosmétiques.Le groupe ambitionne d'élargir ses activités.

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
  • 50
    View loans »
    Senegal Loans Fundraising
  • $13,011,300
    Funds lent in using Kiva
  • 491.6
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Book Khoole 1 Group's $1,025 loan helped a member to buy women’s and children’s clothing, shoes, and cosmetic products.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 19, 2012
Listed
Apr 4, 2012
Currency Exchange Loss:
Covered
Ended:
May 17, 2013