Makarimal Akhlakh Gpe 29 Group
The women are represented by Ms. Oumou Hamath Mamadou (with her hand raised in the photo). She is married, and she has been selling cloth and cosmetics for over seven years. The revenues her business brings in enable her to help manage her family's food situation. She starts her day at 9:00 AM and finishes at 6:00 PM.
She is a member of a U-IMCEC branch and is requesting a loan for purchasing the goods that she sells with the goal of expanding her business. Her goal is to diversify the range of cosmetic products she sells and also to increase her profits. Thus, she will be able to help cover day-to-day family expenses.
She would also like to boost her savings. In the future, she plans to open a store to develop her business further and to sever her customers.
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