The sub-group Makarimal Akhlakh group 19 is a dismemberment of a grouping for economic interests which consists of 10 women. These are wholesale fish merchants who are progressing in the commerce sector. They are represented by the woman Sokhna Diop (the person with her hand raised in the photo). She has a double business selling fish and imported fabric. This second business obliges her to travel to the countries with a large commercial vocation to get her supplies in fabric. She has more than 30 years experience in the business that she practices. She is a member of a branch of the UIMCEC and is requesting a loan in order to strengthen her working capital and to buy fish to increase the quantity of products that she is selling. With the increase in her profits she envisions increasing her level of savings and contributing to the improvement of the nutritional conditions of her family. Her future project is to become a great business manager.
Le sous-groupe Makarimal Akhlakh groupe 19 est un démembrement d’un groupement d’intérêt économique qui est composé de 10 femmes. Ce sont des mareyeuses qui évoluent toutes dans le secteur du commerce. Elles sont représentées par la dame Sokhna Diop (personne qui a la main levée sur la photo).Elle a une double activité de vente de poissons et de tissus importés. Cette dernière l’oblige à voyager pour s’approvisionner en tissus vers des pays a grande vocation commerciale. Elle a une expérience de plus de 30 ans dans l’activité de commerce qu’elle exerce. Elle est membre d’un guichet de l’UIMCEC et sollicite un crédit afin de renforcer son fonds de roulement et acheter du poisson pour augmenter la quantité de produits qu’elle commercialise. Avec l’accroissement de ses bénéfices elle envisage d’augmenter le niveau de son épargne et contribuer a l’amélioration des conditions alimentaires de sa famille. Son projet dans le futur est de devenir un grand gestionnaire d’entreprise.
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.