Makarimal Akhlakh Gpe 23 Group
The group is represented by Mrs. Ndeye Coumba, the woman with her left hand raised in the photo. Mrs. Ndeye Coumba has built up 21 years of experience in her business. She purchases fish directly from the pirogues [dugout canoes] returning from the sea, then sells them to retailers. She is married, and the income her business provides allows her to see to her children's education. Her day begins at 6am and ends at 9pm.
Mrs. Ndeye Coumba is seeking a loan with the goal of increasing her working capital. Her loan will be intended to increase the amount of fish she can usually purchase that is intended for resale. She wants to expand her business selling fish. She hopes to increase her profits in order to improve her family's nutrition. Her future plans consist of purchasing a refrigerated vehicle and a pirogue that will belong to her.
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