Makarimal Akhlakh G 28 is a sub-group of an economic interest group composed of ten women working in the same field of business. They work in commerce and live in the same in town. They are represented by Ms Ndeye Marie (the person seated in the photo with her left hand raised). She has been working in commerce for 36 years and sells fish and fabrics. She begins her day at 6:00 in the morning and finishes at midnight.
She is a member of a U-IMCEC branch, where she is requesting a loan for increasing her working capital. Her main goal is to satisfy the growing customer demand for fish. Consequently, developing her business and growing her profits will enable her to help improve her family's food situation. Her dream for the future is to acquire her own refrigerated truck.
Makarimal akhlakh G 28 est un sous groupe d’un groupement d’intérêt économique composé de 10 femmes et évoluant dans le même secteur d’activité. Elles exercent l’activité de commerce et habitent la même localité. Elles sont représentées par la dame Ndeye Marie (personne assise sur la photo, la main gauche levée).Elle évolue depuis 36 ans dans le commerce et la vente de poissons et de tissus. Elle démarre sa journée a 6 heures du matin jusqu'à 00heure la nuit. Elle est membre de l’un des guichets de l’U-IMCEC ou elle sollicite un crédit CFA qui sera destiné a l’augmentation de son fond de roulement. Son objectif principal est de satisfaire demande croissante de sa clientèle en poissons. Par conséquent le développement de son activité et l’augmentation de ses bénéfices lui permettra de contribuer a l’amélioration des conditions alimentaires de sa famille. Son rêve dans le futur est d’acquérir son propre camion frigorifique.
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.