Gie M Akhlakh Gpe 28 Group
She is requesting a loan from a U-IMCEC branch, where she is a member, in order to bolster her capital and to develop her business further. The revenues generated by her business enable her to manage the family's food situation. She starts her workday at 9:00 AM and finishes at 6:00 PM.
With her financing, she intends to acquire new beauty products to respond better to customers and at the same time to satisfy the demand. Increasing her profits will allow her to save money and also to help improve her family's food situation. Her wish for the future is to expand her store.
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