Makarimal Akhlakh Groupe 8
The EIG has reached 300 members since 2009. Its objective is to unite its members and allow them to exercise farming and fishing activities, general import and export trading activities, transport, industrial, artisanal, building, livestock farming, mining, fishing, hydrocarbon exploitation, art and cultural, printing, carpentry, public utility services, representation, processing of fishing and farming produce, sale of spare parts, ice-cream making, and bakery businesses, as well as the provision of other services. The EIG also aims to consolidate friendship and solidarity links between its members so that they can obtain the material and financial resources necessary to develop their income-generating activities and benefit from all the advantages relating to the EIG. Within this context a protocol agreement has been signed between the EIG and UIMCEC, to benefit the members of the EIG across the country. The first stage has been applied to a sample of 120 active members, divided into 12 groups of 10.
Makarimal Akhlakh Group 8 has ten members who are part of the EIG, and who all live in the same neighborhood. They are represented by Raya, a married woman who has worked for ten years selling fabrics, crockery, shoes, and ladies’ bags. She regularly travels to a country beside Senegal, where she buys her supplies.
Raya is a member of a UIMCEC branch, and has requested a loan to have enough capital to finance her next trip. The profits that her business generates allow her to cover a large portion of her personal needs, to help her relatives, and to cover her children’s education. Her main goal is to increase her savings, as well as to acquire a large store in the market where she can carry out her business.
Makarimal Akhlakh groupe 8 est composé de 10 personnes membres du GIE qui habitent le meme quartier. Ils sont représentés par madame RAYA . C’est une femme mariée qui évolue dans le secteur du commerce depuis 10 ans et pratique la vente de tissus, vaisselles, chaussures et sacs pour femme. Elle voyage régulièrement dans un pays limitrophe du Sénégal pour s’approvisionner en produits. Elle est membre d’un guichet de l’UIMCEC et sollicite un crédit prévu pour compléter son capital propre qui lui servira a financer son prochain voyage. Les revenus que lui procure son activité lui permettent de prendre en charge une bonne partie de ses besoins personnels, d’aider ses parents et de supporter les frais scolaires de ses enfants. Son principal objectif est de renforcer son épargne et acquérir une grande cantine ou elle pourra exploiter son activité.
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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