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Gie Secko Sibassor Group
In this Group: Moumy, Fatou , Koura, Diodio, Fatou
The economic interest group "Seckko Sibassor" is composed of five women who trade in a variety of grocery items. They live in the same district and all work in commerce. Ms. Moumy, a 35-year-old woman wearing blue in the photo, is the group's president. She does commerce in various goods and thus has acquired over two years of experience. With this loan, she is going to increase her inventory. And with the profits gathered, she can support her husband in covering household expenses. For the future, she would like to diversify her business.
View original language description ↓
Le GIE Seckko Sibassor est composé de 5 femmes qui évoluent dans le commerce de divers produits alimentaires. Elles logent dans le même quartier et font toute du commerce. Madame Moumy une dame de 35 ans qui est en bleu sur la photo, est la présidente du groupe. Elle évolue dans le commerce de divers produits où elle a acquis une expérience de plus de 2 ans. Avec le crédit, elle va augmenter son stock. Et grâce aux bénéfices récoltés, elle peut appuyer son époux dans les charges de la maison. Et elle diversifier son activité dans l’avenir.

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

  • $1,759
    Average annual income
  • 45
    View loans »
    Senegal Loans Fundraising
  • $13,116,800
    Funds lent in using Kiva
  • 502.8
    Communauté Financière Africaine Francs BCEAO (XOF) = $1 USD

Success!! The loan was 100% repaid

A portion of Gie Secko Sibassor Group's $500 loan helped a member to purchase various grocery items to sell.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 8, 2013
Listed
May 21, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013