Al Ouma Sicap Mbao Groupe 2
Aminata is the wage earner for her family who is responsible for all the daily expenses and schooling costs. She devotes herself to her daily business, leaving at 7 o'clock in the morning and working until 10 o'clock in the evening. She is requesting a loan to increase the investment ability with her business. The loan will allow her to stock up on more fish and to make her business more profitable.
Aminata's goal is to increase the number of her employees to 6 people, increase her profit and improve her family's living conditions, and to save money with the goal of being able to one day purchase a home for herself.
About UIMCECThis 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.
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Success!! The loan was 100% repaid