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Fatim's Group
In this Group: Fatim , Seynabou , Adia Atta , Aissatou , Rokhy
"Association Dental n°7" is a solidarity group which is made up of 5 women. They are all married and involved in the sale of beauty products. They buy wholesale from the large resellers in the capital and share the products between themselves according to how much each has contributed towards the purchase.

The group's leader (in the middle of the picture, with a raised finger) is the youngest member of the group. She has set up a small stall outside her home from which she sells various beauty products. She is the mother of 2 children. She uses the income generated by her business to take care of her own needs but also, and above all, to support her children. Her ambition is to get into the wholesale business.

In order to strengthen their business, the group is requesting a loan of 500 000 francs to buy cosmetic products.
Le groupement"ASSOCIATION DENTAL N°7" est un groupe de solidarité qui se compose de cinq femmes.Elles sont toutes mariées.Elles s'activent dans la vente de produits cosmétiques.Elles achètent en gros auprès des grands commerçants de la capitale et se partagent les marchandises en fonction de l'apport de chacune.Le chef de groupe( au milieu, doigt pointé),est la plus jeune du groupe.Elle a implanté devant sa maison une cantine dans laquelle elle vend divers produits cosmétiques .Elle est mère de deux enfants.Elle utilise les revenus de son activité pour prendre en charge ses propres besoins mais aussi et surtout entretenir ses enfants.Son ambition est de se lancer dans le commerce en gros.Afin de renforcer leur fonds de commerce, le groupe sollicite un pret de 500000f pour acheter des produits cosmétiques.

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
  • 11
    View loans »
    Senegal Loans Fundraising
  • $12,846,900
    Funds lent in using Kiva
  • 517.9
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Fatim's Group's $975 loan helped a member to buy beauty products.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 5, 2012
Listed
Jun 30, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 4, 2013