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Mbelayiif 1 Group
In this Group: Kalou, Aziz , Fappy, Khamade, Nogoye, Ndèye Eliane
Mbelayiif is a mixed group with six members, two of whom are female. All of the group members are married, and each year they buy cattle which they fatten and resell on the market, in order to obtain more income. This business allows them to better provide for themselves and for their families. The head of the group (the man in the white scarf) is a father to four children. He has worked in this cattle-raising business for several years.

In order to carry out a new transaction, the group has requested a loan of 600,000 francs to buy cattle. The group members plan to expand their cattle-raising capacity.
View original language description ↓
"Mbelayiif" est un groupe mixte de six personnes dont deux femmes.Tous les membres du groupement sont mariés. Chaque année , ils achètent des bœufs qu'ils engraissent et revendent sur le marché afin de renforcer leurs revenus.Cette opération leur permet de mieux prendre en charge leurs propres besoins ainsi que ceux de leurs familles.Le chef du groupe ( l'homme qui a le foulard blanc) est père de quatre enfants.Il exercent l'activité d'élevage depuis quelques années. Afin de faire une nouvelle opération, le groupe sollicite un pret de 600 000f pour acheter des boeufs.Ses membres ambitionnent d'étendre leur capacité d'embouche.

Additional Information

About UIMCEC

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.

About Senegal

  • $2,300
    Average annual income
  • 39
    View loans »
    Senegal Loans Fundraising
  • $13,487,775
    Funds lent in using Kiva
  • 489.8
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Mbelayiif 1 Group's $1,225 loan helped a member to buy cattle.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jan 13, 2013
Listed
Feb 12, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013