Apec Al Ouma Groupe 1
They are represented by Ndiapaly (whose hand is raised in the photo). She has been in business for 20 years selling fish and other food products in the area where she lives.
Her business brings in profits that allow her to take care of her family's living expenses. She starts work each day at 6 am and returns home at 5 pm.
She is requesting this loan in order to increase her working capital so she can procure fish and other food products that she needs for her business. She hopes to become a major importer of the products she sells.
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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Success!! The loan was 100% repaid