Makarimal Akhlakh Groupe 5
The group aims also to strengthen the bonds of friendship and solidarity between its members in order to help them obtain the necessary practical and financial means to develop their revenue generating activities - such that all benefit from the advantages of group membership.
It is in this spirit that a heads of agreement has been signed between the group and UIMCEC, to the benefit of the group members on a national level. The first phase of the project has focused on a sample of 120 active group members, divided into 12 sub-groups of 10 people.
"MAKARIMAL Akhlakh group 5" is a group of 10 members who offer their various services in the same market. They are represented by Dethié (dressed in purple in the photo). She has sold fabrics for the last 8 years, as well as crockery and ladies handbags.
She is a member of the UIMCEC and spends nine hours daily on her business. She is requesting a loan in order to purchase stock. Her plan is to diversify the range of goods she sells.
The profits generated from this will enable her to cover her childrens' schooling costs, and also to be able to put some money into savings. Her plan is to buy a plot of land for her parents.
MAKARIMAL Akhlakh groupe 5 est composé de 10 membres du GIE qui partagent le meme marché ou ils exercent leurs activités de commerce. Ils sont représentés par madame Dethié( habillée en mauve sur la photo) qui pratique depuis 8 ans la vente de tissus, de vaisselles et de sacs pour femme. Il est membre de l’UIMCEC et consacre journalière ment 9 heures de temps de la journée a son activité. Il sollicite un crédit dans le but de s’approvisionner en marchandises. Son objectif est de diversifier les produits qu’il commercialise. Les bénéfices qui lui sont procurés lui permettront de prendre en charge les frais scolaires de ses enfants et aussi d’épargner de l’argent. Son intention est d’acheter un terrain pour ses parents.
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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