Makarimal Akhlakh Groupe 12
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 phase has been applied to a sample of 120 active members, divided into 12 groups of 10.
Makarimal Akhlakh Group 12 is a mixed sub-group with ten members, who all belong to the Makarimal Akhlah EIG and carry out their daily profit-making businesses in the same market. They are represented by Babacar, a single man who has worked in retail for seven years selling clothing and shoes. He is a member of UIMCEC, and has requested a loan to increase his working capital so that he can diversify the products he sells, as well as to develop and expand his retail business. An increase in his profits will allow Babacar to financially support his parents and save money so that, in the future, he can realize his dream of becoming a large retailer in the import-export field.
Makarimal Akhlakh groupe 12 est un sous groupement mixte de 10 personnes appartenant au GIE MAKARIMAL AKHLAKH qui fréquentent le meme marché ou ils exercent leurs activités quotidiennes génératrices de revenus. Ils sont représentés par monsieur Babacar qui est un homme célibataire qui évolue dans le secteur du commerce depuis 7 ans et s’adonne à la vente d’habits et de chaussures. Elle est membre de l’UIMCEC et sollicite un crédit dans le but de renforcer son fonds de roulement afin de pouvoir diversifier les articles qu’il commercialise, et en meme temps développer et élargir son activité de commerce. L’accroissement de ses bénéfices pourra l’aider a soutenir ses parents financièrement et a épargner de l’argent afin de réaliser son rêve futur de devenir un grand commerçant 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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