Les Lingueres De Keur Mambaye Group
They are accelerating in small-scale commerce of the district. They buy vegetables, fish, and second-hand clothing to resell in their districts, located around the community of Mbour.
These are good and honest mothers with families. They are going to use these loans to fortify their working capital.
Translated from French by Dan Kuey, Kiva volunteer
Elles font partie d'un grand groupement dénommé les Lingueres. Elles ont une bonne expérience de crédit avec l'IMCEC de Mbour.
Elles s'activent dans le petit commerce de quartier. Elles achetent des légumes, du poissons et de la priperie pour le revendre dans leurs quartiers situés dans les environs de la commune de Mbour.
Ceux sont des braves meres de familles. Elles vont utiliser ces crédits pour renforcer leur fonds de roulement.
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