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And Bollo De Diamaguene 1 Group
In this Group: Ngoné, A. A , Adama , Madou , Seine
The « And Bollo de Diamaguene 1 » group is composed of five married woman. They sell fabric, cosmetic products and staple foods. They manage to earn in income allowing them to provide for certain ongoing family expenses as well as for their personal needs. In order to bolster their working capital, they are seeking a loan of 500,000 West African francs in order to buy staple foods, cosmetics and fabric. Their goal is to start selling wholesale, which they believe to be more profitable.
View original language description ↓
Le groupe "AND BOLLO DE DIAMAGUENE 1" se compose de cinq femmes mariées. Elles mènent des activités de commerce de tissus, de produits cosmétiques et de denrées alimentaires.Elles parviennent à obtenir des bénéfices qui leur permettent de prendre en charge certaines dépenses d'entretien de leurs familles mais également leurs propres besoins. Afin de renforcer leur fonds de commerce, elles sollicitent un pret de 500000f pour acheter des denrées alimentaires, des produits cosmétiques ainsi que des tissus.Elles ambitionnent de s'engager dans le commerce en gros qu'elles jugent plus rentable.

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
  • 40
    View loans »
    Senegal Loans Fundraising
  • $13,521,325
    Funds lent in using Kiva
  • 512.7
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of And Bollo De Diamaguene 1 Group's $1,000 loan helped a member to buy staple foods, cosmetics and fabric.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 8, 2012
Listed
May 22, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2013