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Takku Liguey Dialègne Group
In this Group: Fatou , Mame Assa , Dicko , Fatou , Aida
The group "Takku Liguey Dialègne" is a solidarity group composed of five women who live in the same district. They run a business involving cosmetics, fabrics, shoes, and a variety of beauty products.

A year ago, they opened an account at the microfinance institution U-IMCEC, and they place their deposits in it to build up savings and to access credit.

The revenues they derive from this business are insufficient for meeting their needs due to their low business capital. To increase this capital, they are requesting a loan of 250,000 francs from U-IMCEC to buy cosmetics and fabrics. Their ambition is to establish a large shop at the market in their town.
View original language description ↓
Le groupement "Takku Liguey Dialègne" est un groupe de solidarité constitué par 5 femmes qui habitent dans le même quartier.Elles mènent un commerce de produits cosmétiques, de tissus, de chaussures et de produits de beauté divers.Elles ont ouvert depuis un an un compte à l'UIMCEC et y déposent leurs cotisations afin de constituer une épargne et accéder au crédit. Les revenus qu'elles tirent de ce commerce sont insuffisantes pour supporter leurs besoins du fait de la faiblesse de leur fonds de commerce, c'est pour augmenter ce fonds qu'elle sollicitent un pret de 250000f de l'UIMCEC afin d'acheter des produits cosmétiques et des tissus.Elles ambitionnent d'implanter une grande boutique au marché de leur localité.

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
  • 45
    View loans »
    Senegal Loans Fundraising
  • $13,115,725
    Funds lent in using Kiva
  • 498.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Takku Liguey Dialègne Group's $525 loan helped a member to buy cosmetic products and some fabrics.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 26, 2012
Listed
Apr 24, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013