Makarimal Akhlakh Gpe 17 Group
Ndeye Mour has over 30 years of experience in her business. She is requesting a loan in order to increase her working capital. This loan will be used to purchase fish that she buys directly from canoes and sells to retailers. Ndeye Mour is married, and the income she earns will enable her to pay for the education of her children and support her husband in managing their household expenses.
Ndeye Mour begins working at 7:00 in the morning and finishes at 3:00 in the evening. She wants to increase her earnings so that she can better manage the responsibility of her children's tuition. Ndeye Mour also wants to save money and improve the nutrition of her family. She hopes to also purchase some articles of furniture. Ndeye Mour would like to someday purchase a canoe and a refrigerated vehicle in order to expand her business.
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