Check out some available loans that are similar to this one!
Makarimal Akhlakh Groupe 5
In this Group: Dethie, Ndiaw Macodou, Ndeye Mariama, Seydina Omar, Nafissatou, Thiama, Issakha, Yakhara, Mame Yacine, Samba
The mutual economic interest group (GIE) called GIE MAKARIMAL AKHLAH was started on the 10th October 2003 in Sénégal. The expression "Makarimal Akhlakh" symbolises someone with a kind heart, and worthy actions. The group has had 300 members since 2009. Its goal is to bring its members together and to allow them to conduct their various activities - namely agricultural and fish production, general import export business, transport, factory work, skilled labour, construction, animal rearing, mining, fishing, oil drilling, art and culture, printing and woodwork, public services, legal services, fish processing, agriculture, sale of spare parts, ice making, baking, and the provision of general services.
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.
View original language description ↓
Le groupement d’intérêt économique dénommé GIE MAKARIMAL AKHLAH est né le 10 octobre 2003 au Sénégal. Le terme Makarimal Akhlakh symbolise une personne qui a un bon cœur, de bonnes pratiques. Le GIE a atteint le nombre de 300 adhérents depuis 2009. Son objectif est d’unir ses membres et de leur permettre d’exercer des activités de production agricole et halieutique, de commerce général d’import export et de transport, d’industrie, d’artisanat, de bâtiments , d’élevage, d’exploitation minière, de pêche, d’exploitation d’hydrocarbures, d’art et de culture, d’imprimerie et de menuiserie bois, de services et d’action d’utilité publique, de représentation, de transformation de produits halieutiques, d’agriculture , de vente de pièces détachées, de fabrique de glace , de boulangerie et de prestations de services divers. Le GIE vise aussi a consolider des liens d’amitié et de solidarité entre ses membres pour leur permettre d’acquérir des moyens matériels et financiers nécessaires au développement de leurs activités génératrices de revenus et de bénéficier de tous les avantages liés au GIE. Et c’est dans cette mouvance qu’un protocole d’accord a été signé entre le GIE et UIMCEC au bénéfice des membres du GIE au niveau national. La première phase a porté sur un échantillon de 120 membres actifs divisés en 12 groupes de 10.
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.

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
  • 19
    View loans »
    Senegal Loans Fundraising
  • $13,150,350
    Funds lent in using Kiva
  • 522.4
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Makarimal Akhlakh Groupe 5's $5,750 loan helped a member to purchase fabrics, crockery and women's handbags for resale.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 10, 2012
Listed
Sep 3, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013