Makarimal Akhlakh Groupe 7
GIE also aims to consolidate the ties of friendship and solidarity between its members to allow them to acquire the necessary material and financial means to develop their revenue-generating activities and to benefit from all of the advantages that GIE offers. And it's against this background that an agreement was signed between GIE and UIMCEC for the benefit of the GIE members at the national level. The first phase applied to a sample of 120 active members divided into 12 groups of 10.
The Makarimal Akhlakh Groupe 7 group is is made up of ten GIE members who are all involved in the same business. They are represented by Abdoulaye, who has been selling fruit for several years now. His workday begins every morning and finishes at midnight. He is a member of a branch of the UIMCEC, and he is seeking a loan to buy fruits that he will resell.
Increasing his capital will allow him to stock up in greater quantity, consequently saving him time and reducing the costs associated with his daily commutes. The revenue that he earns from his business allows him to pay for the education of his children and support his family. His goal is to save enough money to start importing and exporting within the next two years.
Makarimal Akhlakh groupe 7 est composé de 10 personnes membres du GIE exerçant la meme activité. Ils sont représentés par monsieur Abdoulaye qui pratique la vente de fruits depuis plusieurs années. Sa journée de travail démarre chaque jour à heures le matin et se termine a 00 heures la nuit. Il est membre d’un guichet de l’UIMCEC et sollicite un crédit prévu pour l’achat de fruits à revendre. L’augmentation de son fond de roulement lui permettra de s’approvisionner en quantité plus importante, par conséquent de gagner du temps et de réduire les frais liés aux déplacements journaliers. Les revenus que lui procure son activité servent a supporter les frais scolaires de ses enfants et a assister sa famille. Son objectif consiste a parvenir a épargner de l’argent pour parvenir d’ici deux ans a faire de l’import-export.
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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