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Gie Ass Term Segaz N°1 Group
In this Group: Seynabou , Mada , Fatoumata , Coumba , Mada
The group "Gie ass term segaz no. 1" consists of five women of which three are married and two are single. They live in the same neighborhood and meet up at the end of every month to contribute to a fund and pay back their loans. They are active traders of fabric, bags and shoes for women and children as well as various other products. They are requesting a loan of 250,000f to buy dyed fabrics and shoes. The sale of these goods will enable them to take care of their own needs as well as the needs of their children.
View original language description ↓
Le groupement "Gie ass term segaz n°1" se compose de cinq femmes dont les trois sont mariées et les deux célibataires.Elles habitent le même quartier et se réunissent chaque fin de mois pour collecter des cotisations et rembourser leurs crédits.Elles s'activent dans le commerce de tissus, de sacs, de chaussures pour femmes et enfants et d'autres produits divers. La présidente du groupe (en rouge) est mère de six enfants dont trois filles et deux garçons.Elle a implanté devant son domicile une cantine dans laquelle elle expose ses marchandises.Ce commerce lui rapporte des revenus qui lui servent à prendre en charge ses propres besoins mais aussi à soutenir les études de deux de ses filles.Afin de renforcer leur fonds de commerce,les membres du groupe sollicitent un pret de 250000f pour acheter du tissu teint et des chaussures.La vente de ces marchandises leur permettra de prendre en charge leurs propres besoins ainsi que ceux de leurs enfants.

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
  • 88
    View loans »
    Senegal Loans Fundraising
  • $13,835,375
    Funds lent in using Kiva
  • 523.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Gie Ass Term Segaz N°1 Group's $500 loan helped a member to buy dyed fabrics and shoes.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 2, 2012
Listed
May 30, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2013