The Makarimal Akhlakh 13 Yoff group is made up of two male and eight female members of the economic interest group. The group was previously a dahira through which the members met weekly in order to help each other out. The members are all involved in revenue-generating activities and are represented by Fatou (the woman who is raising her hand in the photo).
Fatou has over five years of experience in the trade sector. She sells fabric, bags, and shoes for women. The revenue that she earns from her business enables her to cover her family's daily expenses as well as the rent.
She is seeking a loan in order to increase her working capital. She will use the loan to buy fabric, shoes and bags for women, and she will then resell these goods. She wants to increase her profits and expand her business to make it more profitable.
Makarimal Akhlakh 13 Yoff est un groupement 2 hommes et 8 femmes membres du groupement d’intérêt économique qui était auparavant un dahira a travers lequel elles se réunissaient hebdomadairement, se cotisaient pour s’entraider. Elles exercent tous des activités génératrices de revenus et sont représentées par madame Fatou (celle qui a la main levée sur la photo). Elle évolue depuis plus de cinq ans dans le secteur du commerce et pratique la vente de tissus, sacs et chaussures pour dame. Les revenus que lui procure son activité lui permettent de prendre en charge la dépense quotidienne de sa famille ainsi que la location. Elle sollicite un crédit dans le but de renforcer son fond de roulement .Le crédit sera destiné a l’achat de tissus, chaussures et sacs pour femmes qui seront destinés a la vente. Elle souhaite augmenter ses bénéfices, élargir son activité de commerce pour mieux la fructifier et mieux la fructifier.
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.